Q: Concerning Sea Dragon Energy,
They have a land concession of 1275 sq kilometres in South Disouq in Egypt with a rich gas potential of 1.5tcf
Today they announced a farm out partner for this who is IPR energy who will receive a 45% stake. With this news there is no movement is share price or any volume. Is there an explanation for this and if not should I acquire and wait till the market wakes up.
They have a land concession of 1275 sq kilometres in South Disouq in Egypt with a rich gas potential of 1.5tcf
Today they announced a farm out partner for this who is IPR energy who will receive a 45% stake. With this news there is no movement is share price or any volume. Is there an explanation for this and if not should I acquire and wait till the market wakes up.