The issue I see is that this deep well has cost the JV nearly 60 to 70 mil in total for oil that has an API the same as unit 1B what is the point in chasing this again if they have other 1b targets around the area that are much more shallow and easier to extract from.
I think it will be years before these lower targets will be looked at again.
MAY Price at posting:
2.3¢ Sentiment: None Disclosure: Not Held
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