If they don't get 15 million USD on Friday why all of a sudden will these investors stump up 5 million all of a sudden so it makes not sense the philosophy you can just go back to these guys in a month's time ?
Obviously not many people have been on in these drills to see what can actually happens in a flow test.
So many first timers think if there is net pay encountered it will gloriously flow ? This is not a 100% gaurantee bet.
The majority of time with wells drilled of 2D they aren't placed in the optimal position so tend to have the worst flow results ?
Waitsia 1 basin PB opening kingia play was the lowest flow and improved as more 3D data was gathered with different well positioning.
Buru's well flowed pretty poorly but they blamed completion fluids and still haven't managed to get the funds to drill another well
And we won't go into MAY's flow test recent disaster.
IVZ Price at posting:
8.7¢ Sentiment: Hold Disclosure: Held
