COP announcement in press: http://fuelfix.com/blog/2014/11/10/conocophillips-announces-second-oil-discovery-in-senegal/
Extracts below :-
“The discovery well, SNE-1, was drilled in nearly 3,600 feet of water and drilled to about 9,800 feet deep”. ……………………………………………………………………………………………….. ………....................................................................
“Further studies are needed to determine drilling plans for next year, Cairn said. ConocoPhillips, which holds a 35 percent stake in the well, said the well will continue drilling to a depth of about 10,000 feet once initial evaluations are complete.”
On FACE VALUE, the announcement indicates that SNE-1 has only 200 feet still to be drilled!
To be believed, or not?
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- ConocoPhillips has the option to take over as operator of the project it advances to development,
ConocoPhillips has the option to take over as operator of the project it advances to development,, page-4
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