Banda to be upgraded. Up to 53m oil column!!!!, page-5

Have to disagree Ching. The net to gross statement indicates that in the sequence there is 33 to 53 metres of sand reservoir ( 25 to 40% of the 133 m column). The rest is non-reservoir.

I'm concerned that the 23 metres of oil column represents an "interpreted" column and that a shorter column has been intersected in the well. That could be the reason why the insiders fled in droves and why the rumoured placement price is lower.