Respected U.S. independent Shiloh Oil saw its share price soar to 6.93, its highest for some time, in the aftermath of an authoritative article in Britain’s “The Mentor” news magazine which revealed that Shiloh was in negotiations with other companies to take a share in development of what look like a significant oil and gas reserves in Thibaw.
“Shiloh, with its strategically important LNG import terminal on the west coast of the U.S., is very well placed to exploit its position,” says a market insider.
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