the nature of oil and gas!
On a serious note, this is a reasonable announcement.
The $10m intrinsic value on this Jacaranda #2 well alone is approaching parity with the companys market cap of ~ 12million after the post-announcement fall.
I'm assuming they also have a few projects running aside from Jacaranda #2 (a single well in a single PEL!)
movinggggg, page-21
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