3 short term wells with nearly 150m barrels of targeted oil. one of these holes is a little wild and stepped out. The area has never been drilled before and the target could contain 375m barrels of oil. This looks to be on trend to the 2.5 billion barrel field next door, so lets hope she comes in. I still expect the company to get these wells underway over the next couple of weeks. Cambay looks like Jan as much of the rig is there and it needs to be set up. The next few months will be very important for the company imo. I am basically waiting for 3 holes to go into Cambay and 3 holes into Oman before i make up my mind for the next leg of this investment. I guess if we get these wells to come in, the stock price will be a joy to behold. dyor as i have and have a good xmas longs.
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- expect drilling to start in oman real soon..
expect drilling to start in oman real soon..
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