same well or not they have reasons to think that they will Make a lot of money in Poland. The economics of late would make it very easy for conocco to pull out of Poland Why do they intend to continue? 3legs had no other options available with cash running low. San Leon sp could be on the verge of a big" U turn". Lots of news due on several fronts.
San Leon tanked from 3.2p to 1.85p when 3 legs pulled out of Poland in their joint venture with Conocco.
Have Conocco stayed in on the same well or are Conocco staing in Poland in a different area. if it is the same well then surely sle should fly today back to where it was as 3 legs just pulled out cos they didi not have the finance to continue not because it is a dud !!
on the Turkish podcast OF states 6.5bcf was worth $65m...so in that context 4bcf is worth 40m sle 60% worth 24m.(could be out with those fig)?...its close to infrastructure and testing must be near or complete...........from rns.................Drilling of the first well is expected to be completed by mid-October, with completion and testing planned by the end of October if the well is successful.......few days left of October so will it be successful!!...we will see.and any commercial/productive success would be just as rob has stated..cheers links
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