"Commercial"? Really?
The positive is:
"Preliminary evaluation indicates a total of at least 48 net metres of potential oil and gas pay across 11 zones totalling 415 metres of gross section"
The questionable is:
"The main objectives of this exploration well are yet to be encountered and our attention is now keenly directed towards reaching the depths at which we expect them to be encountered. Depending on what we find there, these oil and gas pays may be better assessed by a new well to be drilled from the same pad, the planning and design of which has commenced in case this proves to be the preferred option."
I think the best is yet to come.
Ann: Alameda-1 Drilling Update, page-12
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Mkt cap ! $107.8M | |||
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