Hotcopper29 Mar 2021 07:32
And for the ultra cautious and conservative out there, this is olderwiser take, not sure if he’s/she fully invested or free carried, but a long standing and followed poster
From older wiser on hot copper:
There are a few clues in the announcement.
Potentially hydrocarbon bearing zones, on a good well potentially would not need to be included. They drilled through these zones and did not get enough data to state hydrocarbon bearing.
Oil shows over multiple intervals, sounds patchy
Mud gas peaks.....generally not of the same scale.......as that seen in the analogue wells. So lesser, not as good.
No mention of kicks from the well.
No mention of oil accumulation in the shakers.
Sum it all up its no gusher, perhaps mediocre, which means it is still at high risk of failure.
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Dazzle