Drilling normally goes...
1. Exploration drilling......
Is there oil.......or not...
2. Appraisal drilling...
We found oil .....let's find out how much...
3. Production drilling....
We found oil.....we know its worth producing....lots and its profitable...
We are currently at step 1..
The good news...is that it is cheaper than step 2 &3..
Dyor
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