Ammie while they may have proven “reservoir, source, seal, trap and the fifth one is timing" in the second well some of those are location specific So they can say that they have proven a hydrocarbon source exists in the basin. However the next well they drill even in another fault block in the existing discovery could be a technical failure because there is no trap at that location or no reservoir at that location. SM statement that after 2 exploration wells future exploration is like shooting fish in a barrel was misleading.
IVZ Price at posting:
11.5¢ Sentiment: None Disclosure: Not Held
