It’s not a duster. They have to drill deeper to hit the target that the geophysics had came up with. Although, the interpretation of the geophysics was wrong and now they’ve realise that through another different survey. It will cost more to drill deeper, so what HLX are doing now is moving on to the already other drilled areas and are also now going to start gold exploration. To me, this is a good and fair idea.
HLX Price at posting:
0.2¢ Sentiment: Buy Disclosure: Held
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