yes and also what about selling their 25% share in the block as well. Why would't Galp take them out considering that they can probably get it a lot cheaper now.
The results will be worth something for the remainder of the block and as others have proposed it does sound as if something may have been found, just not right enough to be a reservoir
from Galp
the primary objective of the well was to test the resources potential of the Trident prospect, located in the Middle Jurassic interval. The well was drilled at a total measured depth of 3,518 metres and did not encounter reservoir facies at the main target, Trident.
from TPT
The well was drilled to a total depth of 3,518m MD and did not encounter favourable reservoir quality at Trident
To me this clearly spells out that there is something there, just not the right geological structure in that area.
So I'm hoping that Galp with come up with some $ to greatly increase the share price and thus enable TPT to explore elsewhere (TPT being an explorer and will not have enough money at this stage to work further on this block).
TPT Price at posting:
3.8¢ Sentiment: Hold Disclosure: Held