From Dennis today
Hi Sue,
The Jacob-1 results have been disappointing – we are still evaluating the well and we will have a better idea once that has been completed - part of that process is the running of down-hole electric wireline logs.
I think it is important to any Gas2Grid shareholder or potential investor to realise that the current drilling/workover program is not a one shot deal. We still have 2 exploration wildcat wells to drill and a workover of an existing discovery well to complete. Conventional oil and gas exploration drilling is a high risk but potentially high reward process and movements in share price variations reflect that. We are seeking success by way of a commercial oil or gas discovery the value of which will securely underpin a long term, higher share price.
Best regards,
Dennis.
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