All I've taken from the announcement is that the find is more accessible than they thought, with a production well similar to CH a possibility. It has basically confirmed what was announced last week. This is a big plus.
Looking forward to finding out the magnitude of the find - this will be what the instos and some of the bigger oilers will be hanging out for.
A viable find, with long term well potential and we're looking at a quarter of a billion dollar company. Not getting carried away just yet though, and keeping my fingers crossed.
Ann: NWE: Xanadu-1 Oil Discovery, page-16
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