Bizzare13 Dec 2019 16:53
What a strange Market reaction to that RNS. Anyone have any ideas?
"We are pleased with initial rates from each of the three stimulated intervals, and with the substantial data set we acquired through the comingled production flow test. The results from Devepinar are on trend with our predictions derived from the other tests conducted in the basin with regard to product characteristics - at this depth we see dry gas, with no condensate. While every test to date has resulted in gas flowing to surface, we continue to see the best flow rates at the deepest intervals in the play. Further modelling work is needed to interpret the implications of the comingled test results, which will lead to establishing the next steps for our continuing appraisal of the deep gas play."