After reading a large number of questions, comments and observations about the potential impact on the selling price with a NR on the spudding and / or drilling of the exploratory wells, I am trying to determine the impact of such an announcement.

Some colleagues argue that the spudding and drilling news is already built into the selling price of the stock, so the announcement will result very little price movement. But others insist that with an announcement, they expect a significant pop based on the confirmation that the project is moving forward to a new level.

I personally expect a modest 5-10% pop based on the significant achievement of setting up the rigs, and successfully launching the final stage of this 10 year (plus) odyssey, and the beginning of the 60 day countdown for the Ocean Saratoga for the Eagle-1 well at 4,300 meters (and the 180 day countdown for the Attwood Beacon at the Jaguar-1 well at 6,500 meters).

There, I am thinking 10%. There are probably a lot of posters with more experience and longer memories than mine, so what say you on the expected price move.