Their first well took longer and cost more than originally anticipated. No surprise here and the market has already factored this in. What is imperative is that they successfully complete the well and that the well can be viably utilised.
"Strong indications of natural fractures below 3,400m" and "expectations that our target temperature will be achieved" are significantly more important than their additional $4.5 million contribution.
Systemiser.
PTR Price at posting:
41.0¢ Sentiment: LT Buy Disclosure: Held
