RE: Saturated Reservoirs9 Feb 2021 19:43
Zag I think Tiburn is hinting that although P1 wasn't commercial they may have seen enough to believe the data will prove that the working petroleum system will prove commercial.
Once again it is all speculation until we get further updates. I'm hoping that the fact that Mr Potter even mentions renewed farm in discussions means he believes commercial oil is still achievable,
"The Company will proceed to undertake a comprehensive evaluation of the data derived from the well, as we believe the results provide a sound technical basis for renewed farm-in discussions. "
Fingers crossed, I'm not writing my investment off just yet.