Interlude23 Nov 2020 08:35
I agree :
ush2
Posts: 106
Price: 0.149
No Opinion
looks A-OK to meToday 07:31
The KA is good and they are looking to basically further appraise from THIS location via sidetrack, which will also by default also give a second chew through the C formation with possible chance to see improved formation development.
A sidetrack is NOT bad news, it is giving additional appraisal opportunity from the mother bore same location at a massively lower cost than drilling and permits of another well.
It could have been better but it is far from bad news !!!!
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roganjt
Posts: 750
Price: 0.149
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RE: *RNS* West Newton Drilling Operations UpdateToday 07:28
The sidetrack will also provide an additional penetration into the Cadeby, which Reabold believes remains a valid target in this location.
They are not invested, that's why they say it's not good news, they want it cheaper, that's all