PJ- reference to your post regarding COE Oil Discovery
Caution may be required here-the ANN came out last week confirming the oil discovery-so nothing too new in todays announcement, however, this snippet at the end of the ANN today may spook the market:
"Estimates of the recoverable oil volumes are currently under review. Based on the slightly smaller than expected oil column, the recoverable oil volumes will most likely be less than the pre-drill estimates. The estimates will be announced once post-drill mapping and volumetric parameters have been finalised.""
