Nice announcement with confirmation that the actual well logs are conforming with the prediction/seismic. Not too surprising I guess given the seismic is already calibrated with multiple wells.
I was not a holder before but have been watching this one - entered today for the first time with a few million PRMOB at 0.004. I think it's a nice risk/reward at this level and the options provide great leverage.
I expect this to go in to a TH on Thursday or Friday once they penetrate the reservoir section so there are no leaky messages being sent out from the rig with what they're seeing. Then hopefully out of the TH on Monday/Tuesday with news of what was encountered.
Ann: Sasanof-1 Well Update - Intermediate Hole Cased, page-66
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