Having spoken with the directors they are only testing one of the 4 zones - no idea which. They wont do this unless confidence is high. I did spend time on offshore drills in Vietnam albeit in a medical capacity in the 90's. I was some what ambivalent to 120 as BHP and PETRONAS (Malaysian) lost 4 drill stems worth over 1mil each on drilling due to fracturing of the geology.
There is new technology where flaring is not required to determine flow rates and gas comp.google.
I liked todays rebound and like us all who hold I hope(I hate the word in trading)it represents a leaky ship for a change - positive .O&G is black and white. I hope for a change holders and the co win out here.
finch
I have 250k shares on the line and at least my wife served soup cua.(crab) and we are talking.
finch
perth
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