1. It didn’t flow but AP was excited and told us all he knew it won’t flow and needs another type of well 2. 22-24 api is heavy oil and that’s what’s found in Marti 3. The demand is not there for heavy oil simple hence decreased sales
This is not a globally significant discovery means piss all in the oil space as it’s oil not used for cars or transport but for roads
In conclusion no step closer to production and needs another bunch of horizontal wells to see if it works hence back to square one but this time worse than the fundamentals 12 months ago with significantly less cash and capital raise needed for the additional wells which are 6-12 months away
