Whilst it is likely 1b is heavy oil, it has not yet been tested. If the density is different as reported it is likely to be lighter than heavier. The inference I took from that statement was that level 1 had 2 distinct intervals, thus was comprised of 2 traps. I did not take it to mean it was a light oil. Level 2 is being tested now, again a heavy oil no doubt but it would seem we have a lot of it, onshore.
MAY Price at posting:
6.6¢ Sentiment: Buy Disclosure: Held
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