Jingemia 7 results in, appears to be water bearing and on the wrong side of the fault. Logging now, the JV are considering whether to sidetrack it to a location interpreted to be on the upthrown side of the fault.
Disappointing but that's just part and parcel of the oil exploration game. Be an interesting day pricewise with the strength in the price of oil. I wouldn't expect it to drop too much, we'll see.
Hopefully things go a bit better with the sidetrack.
Regards
Sinkers
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jingemia 7 - wrong side of the fault
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Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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3 | 46666 | 0.150 |
3 | 8568 | 0.145 |
6 | 190425 | 0.140 |
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Price($) | Vol. | No. |
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