As mentioned earlier in the week – BOR was the stock to watch this week as their Darwin well nears final TD and tests.
The stock is up over 42% already today on speculation that the drill has been a success.
No news has been released by the company and as seen in the exploration days of RKH and DES – investors can get ahead of themselves.
Caution is required but today’s action is certainly encouraging and backed by solid volume.
A success on Darwin well would certainly light up the E&P sector and furthermore – add to the excitement on BOR’s second well (Stebbing) of their back-to-back program.