the geology and understanding of what they are shooting for. very clear
modern seismic to define the whole field - big task but necessary
and thirdly as with many good discoveries a bit of serendipity in terms of the upper sheet having oil - AND THAT the logging tools failed essentially because of the large diameter hole used in the upper sections to be able to reach the deeper targets which is standard drilling practice. The new hole will use the correct drill stem set up to log the important upper sections - Having started this next hole with lower diameter collar means they will unlikely be able to drill to the lower sections??? AND then the lower sections will be tackled later on with other appraisals i would imagine
MAY Price at posting:
8.7¢ Sentiment: Buy Disclosure: Held
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