If this is a poor result then 90% of oil and gas companies are returning poor results in your opinion. A poor result would be the dozens of completely dry holes that get drilled each year - or some back with 1 or 2m of pay in tight reservoirs that aren't commercially viable. Partners are going to be looking at more than just the result of one drill hole - they'll be considering the proceptivity of the entire basin, and so far the results have shown this is as highly prospective basin with a working petroleum system and potentially mammoth volumes of gas, condensate and light oil.
IVZ Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held
