Ann: Fausse Point Gas Show , page-27

7150 and nothing about oil?

spud ANN read

"The prospect is located on the flank of a producing salt dome where two high quality targets have been identified. The primary target is shallow oil (7,000-8,000 ft) and deeper secondary target is gas (7,500- 9,000 ft). Total dry hole cost to drill the initial well is approximately US$1 million."

why no oil? or not deep enough :S