Balanced view I hope....27 Apr 2011 22:37
SEY RNS 25th March 2011 'The JV Partners in the Sangaw North Production Sharing Contract (PSC) may elect, in the event of encouraging results, to drill further to evaluate deeper Jurassic and Triassic formations.'
SEY RNS 27th April 2011 ' The Joint Venture Partnership has elected to continue drilling to the deeper depth to explore the prospective targets within deeper Juassic and Triassic formations'
This dosen't sound like a dry hole to me. You do not keep tipping money ,men and machinery into a dry hole. If you are the M.D. of any company and you ever want to work/ have credibility within this market place you cannot issue false or misleading statements. Todays RNS is so bland it gives me wood! I think they've found something big and are desparetley trying to hold the lid on until the results are confirmed. As always DYOR, this is MHO, but WTFDIK !
