I'm pretty new to this stock but it seems to have been sold down to these levels because the initial (secondary) targets dissappointed. We are now in the primary target with still a few hundred metres to go and it is already considered worthwhile to run wire logs.
We have oil and gas shows and what looks to be a reservoir that could flow well (due to porosity). Of course we don't know if we have commercial quantities but just the same I can't work out why we are still hovering at these sold-down levels.
drilling update , page-5
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