I'm curious as to why so many are hung up on the absence of an "oil sample" in this well. WE HAVE a gas discovery declared in a region that is starving for energy production with an immediate demand for power generation and supply. As I understand it gas fed power plants are where the world's leaders are agreeing is the interim solution to "green" energy over coal and oil. Happy to be corrected here as I am just a pleb and know little but would it be true to say that we have a resource that is easier to take up and process over oil and power generation plants are simpler and are scaleable?
If this is the case then we are sitting on the right resource and those that were disappointed at the absence of an oil sample announcement perhaps could soon see the silver lining in yesterday's storm cloud?
IVZ Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
