india: dgh set to approve commerciality , page-11

IMO you definitely can't call it a dry well because of a small decline in SP. If it was a dry well, the SP will plummet - just look what happened with the last Cambay well and that isn't anywhere near as crucial as the current JPDA.

There are a lot of things affecting the SP at the moment, but with all the recent announcements of spudding, rigs being transported etc. the only thing that will de risk OEX is when they announce they have struck oil. They have been disappointing to say the least in recent history and the majority of investors are needing to see some definitive results from OEX before confidence returns.

I have faith in the management and have bought all the way down from 90c and any weakness now will be a great opportunity to accumulate.