The Desire Petroleum was a classic case of what happens when informaton is leaked. They did not release it and the company had to play a firefighting role.
Another outrageous event many years ago was Sentry Bank Reef-1 in the Philippines, where the rig crew and others made a fortune trading shares before the bad news that followed a very bullish release became public.
The Woodside/Hardman Chinguetti discovery was also leaked.
mr sime... you can call the well what you like, but the condor target is an exploration play, not part of the development and from
"Two Gazelle development wells will: •verify flow rates and collect oil and gas samples: historic rates of up to 2,800 bopd and 36.5 mmscfd •facilitate FID and project funding •target reservoirs for phase 1 development and test the deeper Condor prospect •potentially convert current 2C or greater contingent resources into reserves (2C -13mmbbls and 252 bcf)"
and further down the page
"Will target the deeper Condor exploration prospect"
looks pretty straightforward to me
RIA Price at posting:
30.5¢ Sentiment: Hold Disclosure: Held
