It's certainly an interesting update - and is being interpreted by many reporting medias (IG markets, MarketHerald, etc) as ."..evidence of water with oil during logging work...". It all depends where this water is originating from in the structure. I think what we saw today was perhaps a little 'de-risking' of positions, after what has been an insane run.
Ann: Alameda-1 Drilling Update, page-221
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