As expc'td the ann'mnt created quite a flutter. Just the begining i'd sy. All stks have an element of risk as does ERH.
For those who didnt quite follow the vocab today here's the translation. "Logging complete & hole cased at 1300m". Doesnt mean much, so wrote to PG. His nice response follows.
They r organising a work-over rig to come & perforate the casing from bottom upwards. After perforation the hole will b flowed & rates released to the market. For the time being the integrity of the payzone is critical hence the casing. The well has fields nearby producing from both intervals i.e. carbonates & frac'd bsment so no net to gross ratio reqd. Flowrates will b ann'd when available.
So sleep well all, all is well at this well.
Cheers
ERH Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held