The last report on 04/12/06 said that oil shows continued over the 32 meters that they drilled from 1220m to the current depth of 1252m - the report before that had oil shows over 9m up to the depth of 1220 meters (before drilling stopped and the casing was run) so i reckon that gives us oil shows over 41 meters before they stopped drilling.
The oil shows have not stopped @ 41 meters just the drilling which is due to re-commence on Sunday.
Quite surprising that a stock with such a low market cap and exposure to sugarloaf has not moved more on this news.
The last report on 04/12/06 said that oil shows continued over...
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