If A5 can achieve the rate of A4 I'd be happy with that... 1.2 km between them and 1.7 km between A2 & A5 means a nice pocket of oil to be tapped. They have estimated 6 wells on Atzam field... A#4 & 5
being appraisal wells the following wells should be drilled shallower and quicker.
still a year or 2 away from turning this into a profitable business IMO, as long as they can keep cash flow keeps comming in and they can raise at reasonable levels and keep working at it until then it's ok with me for now. O&G waiting game.
GLA
CTR Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held