Not worried about that to much but i am worried that they don't know if it's gas or oil yet..
from the COE open briefing
There is still some uncertainty of whether the hydrocarbons are primarily gas or oil
and at what rate they will flow and that’s the reason for proceeding with the testing, but we’ve
de-risked the prospect significantly.
and then this confusing piece
With respect to the Hammamet West discovery itself, we’ve added substantial value. Pre-drill
we were estimating that the structure had the potential ranging from 10 million barrels to
more than 100 million recoverable barrels of oil. Our carefully considered view is that
Hammamet West has potential to be that big and this well has taken a big step towards
proving that. It’s also demonstrated the necessity of drilling horizontal wells when exploring
this play.
i mean sounds like COE have no idea what they are doing.. any information gained from this well has been deduced by the JV partners.. what has COE been doing for the last 6 months?
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