It is quiet a long time period even with coring. I hope its dues to a possible large gas column intersection.
Any discovery will improve the economic feasibility of Zola dramatically.
Its only costing TAP $8 mil. Seems quiet good leverage to the potential upside with success and limited downside given the strength of TAP's balance sheet.
Fingers crossed the share price trends upwards on speculation in the coming weeks.
Don't forget this is 1 of 2 wells TAP is a small stakeholder in that Apache are currently drilling.
TAP Price at posting:
57.0¢ Sentiment: LT Sell Disclosure: Held