I am comfortable to re-iterate my stance that this is a high risk investment, until proven otherwise!
MRP's record thus far is not great (IMO), bearing in mind the constant delays with 36-1, which suggests it is not as easy as some think to deliver for an oil and gas exploration play.
AIM has many O & G stocks, and quite a few are not delivering as people expected. EME was a cert 6 months ago, then Galantal (spelling?) was dry, VOG were a cert for £5 at £2.60, now 59p BID! EEL is down, and PANR had a poor result this week, falling from 180p to 130p in about 10 seconds.
Apart from the PR promotion, nothing has changed here IMO.
House brokers are always optimistic with their NAVS, eg SEY's said around 38p two months ago, and they are 17p today! And SEY are in production, have massive exploration prospects in several countries, and they will have revenues of over $100 million this year!
O & G is a risky sector IMO, (look at Shell and BP in Russia) and AIM listed oilers more so, even in the USA.
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