"In addition to the previously announced 12 to 20 meter zone of significant hydrocarbon pay in the Upper Cretaceous Jesomma Formation, the well has encountered additional potential net pay sands in the Jurassic Adigrat Formation shows at a depth of 3,246 to 3,430 meters, several of which exhibited oil and gas shows"
But they did follow to say it's not worth looking at these region (i.e. not commercial) right? Apart from proving there is oil.
RRS Price at posting:
10.5¢ Sentiment: None Disclosure: Held