To add to this, if a few wells prove positive in Comanche then it will be time for the operator to book for Independent Reserve Estimation and start having value on their in ground oil.
It is all about proving the concept by multiple drilling, then the market will respond, Comanche is a big project by size and many wells can be drilled and completed if the first few prove productive.
That is why the market started paying attention today.
OTE Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held
