going to 80c , page-33

Does anybody know if Wireline logs are mandatory in Texas? Most places mandate them as a condition of drilling the well - that way every well adds to the knowledge of the geology.

They will know when they are in the chalk by the return in the drilling mud +/- gas in mud.

I agree that 60c is rich for now given the current very negative sentiment towards specs - which now just about needs a very positive FS result/JORC/2P reserves before anything will move much at all. In the prevailing sentiment of last February this would easily have hit fifty cents on the basis of Rocket2 results and be looking at 70c leading up to Jet3 results - but then you would have to have held them since IPO to get the benefits available to those who can still buy these cheaply. In some ways the market is better now - less easy money for those cashing in on the surge post spud - and more potential for those willing to wait it out.

The Potential for those willing to watch and wait is a $1 plus SP, but that will depend on results of course.