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clock Created with Sketch. 28/10/21
07:57
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Originally posted by insaf:
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Bottom line is that oil and gas shows all indicate the presence of oil or gas. It is definitely not a duster. In fact for an appraisal well this is extremely pleasing. There will be hydrocarbons and now the key is to determine whether it can commercially extracted. As this is an appraisal drill subsequent to a discovery, this obviously increases the prospect of a commercial find. I believe the asx is definitely onto prm and requires stqtements that are evidence based. Only following wirelogging can numbers can be estimated. The only risks imo are whether these are residual from escaped gas or unextractable oil/gas. Otherwise we are going to be adding to our value. However the market has been wierd in it's valuation if oil stocks drilling appraisal wells vs ones going after wildcat hit or miss exploration drilling.
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yeh the market is half between 2050 net zero life and 10% ppl who understand oil and gas will never go away lol once the other 90% click on at a re rate I think oil n gas sector will be the one to watch next year
