Southern Cross were looking for potentially 5M barrels recoverable from the Jurassic interval. According to their latest research report.
Very disappointing to say the least.
I'm also disappointed in the company not having the decency to put out an announcement before now saying the zone was non commercial rather than trying to hide it in this document.
Just how many days have they known that the zone was non commercial and failed to immediately inform the market of the news???
Not the way to treat shareholders and not the way to keep or gain investor confidence in the company's management.
LOTM
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