I'm not so sure the gas is relevant. They state this is a oil play with a FPSO and tanker offload, the same setup I work on in Africa for a major. The gas is used to re inject into the well and also burnt off. There is no infrastructure to take the gas onshore. Just my thoughts, I'm sitting tight for two weeks, if we get any news before then it will be bad news! GLA
It helps with today's RNS stating the 2 week wait. It takes a lot of the uncertainty out of the equation. Will really help people decide when to buy in or top slice accordingly. Of course it might have a muting effect on the SP this week but .....(and I'm sure we've heard this next sentence many times before)....things should start getting interesting towards the end of next week.
It looks like we are about 500mtrs in already and now cementing the casing to this depth. If that is the case then we will be at the top of the gas section within in a couple of days after this work is complete. From the way the RNA is worded it looks like they don't intend to update us on any gas hit on the way down. Disappointing if we don't get anything further for another two weeks. Will e-mail Matt Allen and try to get some clarity on this. Bmac.
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