hi nk, it appears they are waiting on the drilled cores and its...

hi nk, it appears they are waiting on the drilled cores and its data at this stage. My guess is they will look, perform some analysis and bring on a partner with experience in this area so they can learn. Most suitable would be ENI. If there is 10M barrels at say 40$ a barrel profit even split 50 / 50 it would be attractive and even more so for the operator, ENI? I think though at this stage its about determining what they have, risk of water and pollutants (High) and cost of drilling/ extraction in the fractured limestone and of course the big one, probability that there is actually recoverable oil there. From memory they have around 6 - 7 years to explore under the permit, with a limited debt facility, there is no need to rush. The right partner will be key I would think not only for technical input but for all the other hurdles.