Production, further drilling and stock price rises were foreshadowed by European explorer Carpathian Resources in their recent company update.
The company said this year it expects to begin oil production from its Postorna well, drill another well into the recently discovered oil pool as well as begin drilling of the gas production well NP558a.
As for its share price, Carpathian said with little selling, the stock continues to edge higher and so the outlook for the share remains very positive in the current market environment.
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