It not a permit, just another exploration well being drilled to the North of the Yarrow Gas field. Basically trying to prove if there is an oil leg beneath the gas field. I just can not quite see where the drilling location is from the recent announcements.
The key question is if the Yarrow North 1 well finds an oil leg would that be part of the same oil column intersected at Flax and Juniper?
If it is then it proves that the field is truly enomous and contain over 250 million barrels. To prove this completely INP will need many more appraisal wells, hence INP need oil production to pay for it all.
So more research on flow rates required.
cheers
PC43
INP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
