Faucon which is drilling now, targeting 350 MMBLS of oil, should be nearing total depth or at least entering the target zone, we have a new operator [not WPL] and their method of announcement or the "amount of leak" is yet to be established, watch HDR later today or London tonight.
The SP downside if a duster should be limited as "first Oil" is due in a matter of weeks and should support the price, if successful however the rise will be significant as the block is a long way from the successful central blocks and the target is Cretaceous and would open up a completely new play type, 350mmbls at 18% to HDR is significant.
The 3D and the CSEM images seem to be clear, the main obstacle appears to be satisfactoty reserviour sands.
IMHO only of course.
HDR
hardman resources limited
