Good to see at least phil has come clean with the destintion between the basement we have and the basement that carmopolis pumps from. Previous announcments from erh, refered to the basement of carmopolis pumping out a certain amount of oil (15 or 25%). Carmopolis basement inference no longer applies now to the 430 well, as the comopolis baseamnt section (25m) is a secondary target, and will most probably not have oil shows
This confirms in my mind the likelihood of 430 flowing oil from the basement as nearly nothing.
ERH Price at posting:
13.9¢ Sentiment: None Disclosure: Held