tieke suspended

Be nice if they gave a bit more info. When they talk about a potential deeper reservoir, are they actually talking about deeper sands, or were the targetted sands pinched out in some way and they are looking deeper and down dip for the same sands. Either way, they must see some sort of stratigraphic trapping mechanism which could mean reasonable reserve potential.

If it was NZOG drilling, I'd give it a yawn, but with AWE deciding to spend the extra on suspending the well, I'd say there is a real 2nd chance.