re: what announcement ?
What are they going to announce??????
That they drilled into a reservior that they had drilled into before? This is NOT a new discovery, they have previously drilled and have already estimated the size of the reservior but are having trouble extracting the oil............. THE ANNOUNCEMENT WILL NOT BE BIG NEWS IMHO. Increased flow rates maybe, but it could also be low flow rates.
This latest well was drilled to enable more oil recovery from a target that is already known, it is hard to recover from this area.
Read announcements, I don't hold so don't care, but don't get burned.
Oil fever exists, some are treating this well as a new discovery.
EPE Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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