Quietly confident it will be another major oil discovery, found oil above and for them to do logging, install casing and a blow out preventer (BOP), indicates they preparing for a lot of oil pressure and to flow test, if there is oil.
If this is a 2nd oil discovery and we get good flow test results, then it will be put straight in production, IMO over 20c is very achievable.
Ann: Application for quotation of securities - MAY, page-6
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