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Until the wireline has been completed and interpreted, it will not be possible to define whether a discovery has been made. But - now they have an additional 500 feet of potential reservoir rock to evaluate.
Do you know the Paddypower advert ??
VAR ( value added reservoir ) I just want to cheer !!!! NOT YET !! hold ! hold!! holld!!
LOL .... GLA
Tarth see attached link, 0.45 seconds shows the drill bit ( or hole opener ) at start of well known in oilfield as spudding the well https://www.youtube.com/watch?v=eBOtXD_UQSo
500K just to keep things moving, planning, securing rig, until deal is rubber stamped by authorities which DW and JV party expect before 31st, next RNS will be a bumper with agreement with JV announced and named also rig c/w timings also in RNS I do expect news before 31st IMHO
S4K just put hand up and agree you were mistaken :-)
Do you not think BP or Shell shareholders would be ****ed off if they were not told ASAP that thier company had just signed a deal for possibly 2,2 billion barrels with the possibility of more billions in the "soft farm out " HRZ, we all want the news but BP Shell COP it is all speculation we just have to wait until the Alaskan authorities get back from thier hols and sign the docs ..... then we should get all the excitement we have been waiting for..... IMHO
Deal is not done until authorities have approved deal , which DAve expects to be early August . They cannot say anything until both parties have confirmation from authorities then deal is done. Do you not think Both parties would like to inform their shareholders the good news !!!!