The much awaited arrival of the rig for the Cladhan discovery has now arrived, i’m told by a contact from oil barrel that set up should be complete in days and that drilling will commence (weather permitting) over the weekend once drilling starts then under FSA regulations Material effect Encore must release an RNS over the wire, so basically my opinion is that it is any day now before news is released 72 /96 hours is the general consensus here.
Big spike when they spud.
There could be a double whammy here as Catcher news is also expected given the companies last announcements and the rising Nautical/Encore prices mixed in with general goodwill some here think news is definate. These companies really are destined for great gains and i cannot emphasise how transformational for them these discoveries will be.
The targets remain the same here but expect them to increase dramatically once the full extent of Catcher,Kraken,Mariner,Cladhan etc are known
Massive potential here.