RE: Breakout30 Apr 2020 08:33
Just as i thought yesterday: The second West Brae infill well, designated WPOZ, encountered the target horizon deeper than prognosed and it is water wet at this location. After interpreting the data from the well and in view of the current low commodity price environment, the partnership elected not to drill a horizontal section to a secondary target location and the well has been suspended.
Regardless, the first WB Well is producing 4kbopd and everything else noted on the RNS looks extremely positive. Should be a good day all round, £9.50 into close.