RE: Charlie #12 Oct 2019 11:29
Think the market will eventually start to buy once they realise.
This is an appraisal well of an existing discovery (Malguk-1) .
Analysis of modern 3D including seismic inversion has been enough to tempt PMO to invest up to US$23M
Although HRZ side cores are part of the plan, this is not in itself an unconventional (shale) drill.
We have seen no COS issued yet so a good positive figure if and when issued would help.
This is 88E's first proper conventional drill, yes we were the operator on Winx but that was not our analysis, we have to separate the conventional programme from the HRZ.