Disappointing results as there were a few here to make a quick kill.
Cambay was initially planned to be a gas field, somehow we got diverted to being oil producing. Each well has produced gas so far. 23c was the price of Cambay 74 reserves alone (excluding cash and assets and Cambay gas).
I have looked over the RNS and noted that other wells are planned. We just might to have to put up with Cambay being a GAS asset and not an OIL asset.
This will be ridiculously shorted in the UK tonight, so may be a chance to make a quick kill on the short squeeze.
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
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