I owned this one, when they had an unsuccessful drill just north of Christchurch. That was about 12 years ago, I think.Not likely I will get my money back from those SP days of 10 cents.....however there is a genuine chance of something big off todays SP.
I think in extending the depth of the well, Dennis Morton boss is hopefull of getting the oil and gas to flow. The problem is not whether there is oil in place....it is a matter of avoiding formation damage and getting flow to surface. Expect announcements of oil and gas discoveries here.....but look for what they have to say with regard to any sands or fines entering the wellbore. At .004 cents SP at least.....this is an exciting opportunity.
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