No Toppy. That is the trouble I don't think anyone at EGO knows what to do, certainly not me, I am just a shareholder.
From the announcement it would appear that if zonal isolation can be achieved over the Cattamarra C and upper D sands then the lower D sands will be the only productive zone within the well. I wonder what our board will call that, "a resounding success?"
But that said whatever is done to the well I sincerely hope it does not cost too much and at the very least will not be "plugged and abandoned."
The latter will be a disaster for the company and its shareholders.
The big question. Was a success at RGN-1 dependant upon receiving financing to repay the debt to ERM, something that is edging closer every day.
EGO Price at posting:
37.0¢ Sentiment: Hold Disclosure: Held