We need to let the story play out, and it won't be long to find out. This hole was selected for first drilling IMO due to the potential upside. There have been years of work put in to get to this point by Schuepbach and PRL. A reasonably good structural trap (anticlinal), with drill core weeping oil downdip not far away in the same fault block.
The seal on the fault updip is a question mark, but lets be positive. Good caprock and permeable reservoir rock, so every reason to anticipate a great result.
I am excited about the prospects here. Oil will be found, its a matter of how much and flow rates IMO. Stay patient, drink beer, we are almost there. DYOR
Cheers
BS
PRL Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held
