giggle giggle psi81 was my first reaction as to today's announcement
Certainly not an inkling as to if OIL is about. Its as if its all just plain drilling - SLOW MOTION.
Only as you said perhaps a leaking crew........?
From todays announcement most significant.. "The near-horizontal sidetrack was successfully initiated and the bit and motor was being replaced as planned prior to drilling the main horizontal hole section. This was a convenient time to undertake the scheduled testing of the blowout preventers, which is required to ensure that they are functioning properly and capable of controlling the well in the event of an emergency. Upon completion of repairs and testing of the BOPs, the sidetrack will be drilled through the upper part of the Abiod targeting the predicted fractures. A decision on testing will be taken once the horizontal wellbore is complete." Certainly not any hints of anything too exciting but at least they are into HORIZONTAL
JKA Price at posting:
6.8¢ Sentiment: Buy Disclosure: Held
