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On with the latest, it’s August, so fairly quiet now. It all picks up again in September. There are a few worth mentioning, though, and starting with Predator Oil & Gas (PRD), which was discussed last Sunday, it dipped under the placing price on Friday morning (you may recall I said last weekend that it might be worth a punt at or under the 11p placing level). It closed the week above the placing price and on Friday afternoon ceased to be available for leveraged trading on IG. I suspect it will start moving higher from here. Coming up is an extended testing programme for the MOU-1, MOU-3 and MOU-4 wells. The share price reached a high of around double the current level on the pre-placing ramp.
Upland Resources (UPL) continued with its programme of announcements, which so far have driven the share price up from around 0.6p to over 2p. Last week, the company announced a joint technical study workshop update for Block SK334 in Sarawak and said its focus now is on the production sharing contract phase with the state oil company, Petroleum Sarawak Berhad. With a clear promotional push on, it will be interesting to see where the share price goes from here.
Now, on to four companies in which I’m investing.