The gate is not shut on this one. The well was cased and suspended, not plugged and abandoned. The report announced that the well will be cased and suspended pending future potential assessment for production. 40m and 77m potential oil columns are encouraging. I don't know how they can be reported as "potential" though. I would have thought that they are either there or not there. A 40m oil column would be a great result. We have to hear from management what the end result of all this is in plain terms. Is it a duster or is it the first step toward bringing this on-stream at some stage in the future? R
OBL Price at posting:
3.1¢ Sentiment: Hold Disclosure: Held
