COP announcement in press: http://fuelfix.com/blog/2014/11/10/conocophillips-announces-second-oil-discovery-in-senegal/
Extracts below :-
“The discovery well, SNE-1, was drilled in nearly 3,600 feet of water and drilled to about 9,800 feet deep”. ……………………………………………………………………………………………….. ………....................................................................
“Further studies are needed to determine drilling plans for next year, Cairn said. ConocoPhillips, which holds a 35 percent stake in the well, said the well will continue drilling to a depth of about 10,000 feet once initial evaluations are complete.”
On FACE VALUE, the announcement indicates that SNE-1 has only 200 feet still to be drilled!
To be believed, or not?
ConocoPhillips has the option to take over as operator of the project it advances to development,, page-4
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