RRS and RMP

Early this morning, I noticed that RRS share price has jumped 25% in LSE. It announced that oil has been found but this is still early stage of the exploration. Nothing can be said about the quality or quantity yet.

Still oil is located and you can expect more good news. Unfortunately, I think only one reader bought RRS. After conversion to ordinary shares from the options, it did not do well for a while. One failed drilling (dry hole) does not mean it is a failure but the market dumped a lot of RRS stocks for a while.

These two stocks are together a lot of the time.