danpoe/orbit18 Feb 2014 12:18
i understand the garden hill drill is a multi-well drill. they will first drill vertically to assess reservoir quality, then sidetrack to multiple targets to find the optimum locations for production from this proven hydrocarbon system. if they do hit a sweet spot i can imagine us easily surpassing 35p. actually by the time the drill bit starts turning i can see us knocking on 20p if we get any news of new reserves, as the daily mail was suggesting this morning. remember, this Garden Hill drill is not to find oil, it is to find the best place to produce it. as soon as they have done that the rig will move to St Georges Bay, another proven resource, to find the optimum production location. this is an exciting time for what appears to be a reborn company. if they hit sweet spots in both prospects we could easily see £1