Good work jocam! The cost of the three onshore holes, given that they are re-entries, suggest they're still not shallow bypassed targets. This has to be good because everything I've read suggests much of the onshore shallow potential has been well and truly drilled or depleted by nearby wells but there is now a rush to drill large deeper targets which have only been defined accurately in recent years due to advances in 3D seismic. Finally, they may stand a chance of substantially building those reserves as well as revenue.
PSA Price at posting:
0.0¢ Sentiment: None Disclosure: Held
