RMP and RRS

Instead of finding oil in Puntland, they found water!  But water in the desert is not a bad discovery.... except that it is too deep to pump out from.  The market is going to lop their share price off.  But it is a bit too early.  That is only one hole and it is drilling further to another zone.  Market does not kindly to bad announcements.  Even good announcement can be ignored or savaged.

When you invest in explorers, you have to be aware of the very high risk and the dramatic outcome of success or failure.  And failures are much more common.  So far, most of oil explorers are duds!  But you can actually trade and play with them before the final outcome.  However, if the big boys move into their tenements, then you know perhaps it is better to keep holding them.