Certainly the HC indicators look good so far on Y-1.
They've mentioned that the Nido reservoir has produced from this area on previous wells, so the first pass about the oil kitchen's presence is about to b proved, exactly how much is the big question.
Drilling & wireline logs should confirm the obvious once we start drilling the main section after setting the casing later in the week. I'd say drilling in this carb section could b fast as week, so expect some more positive news later nxt week.
How thick is the estimated section they intend to drill, any idea? Are NDO drilling back-to-back wells here?
Thanks
NDO Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held
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