The sp is not on fire - but I dont think it too bad news at all actually. HDR holders might remember when sp plunged after Chinguetti news was released.
As T-shirt points out - a tight formation does not mean it is not commercial. Modern recovery techniques can be applied cost effectively on on-shore fields. I cant recall the estimated size of the field 90 odd sqr kms ? (actually I thought 27 - but someone else said 90 ) of 20 odd meters. Come in spinner.
Importantly it also confirms the siesmic interpretation. There is oil down there.....now for the main game.
good luck to holders. I topped up.
BKP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
