They may have drilled Blamore first for oil, but they have to prove up the resources before they can develop the long term business plans.
We need a positive result from wire logging for the price to go up. With the price of oil coming down as well (from all time high), maybe some have lost interest. But it is looking like CBM. The future of CBM. GTL and helium is big.
And with more oil targets to come, there is lots of hope. Would love to know if oil is down that hole!!
With over 250 targets and tenements and a mix of targets. It is going to be an interesting ride.
ann out , page-14
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