Like Isas said it is not a duster it is 40 feet of payzone and as Dierich inferred it is not the depth of the find, it is the size of the reservoir. That 40 feet coul be a narrow or wide payzone. For now any find that builds on our production is good news. Should be a bkue day tomorrow and lets not forget that MD250/251 flow rates are due soon too
Range Resources Limited (?Range? or ?the Company?) 29 August 2016 Range Resources Limited Australian Office Range is pleased to confirm that the QUN 159 well which was spudded on 8 August 2016 has reached target depth of 2,500 feet. This is the third development well drilled by Range in Trinidad this year. The well is located at Morne Diablo field and was targeting the Lower Forest and Upper Cruse horizons. Preliminary analysis of the well indicates approximately 40 feet net oil pay . The programme to perforate the well has been approved by the government and Range intends to proceed with production testing of the well during early September. Production testing on the two previously drilled development wells (MD 250 and MD 251) is also underway. All three wells are expected to be brought into production during Q3 2016.
LGO like many other Aim shares was/is just one giant money racket. Set up by 'businessmen' to make as much money out of us poor mugs with the false promises and dreams of making a fortune. While individuals milk the company dry and issue more and more shares to fund their lifestyles. ( remind anyone of a certain someone ? )
All legal of course ..the government have to look after their mates and their party donations.
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