Yes I think the US reaction to 0.25 decrease was over-reaction, spoiled brat syndrome.... they didn't get what they wanted. But oil utures ere up, based on rate cut being good for economy, so I expect the US will go back up the same amount tonight.
Hard to igur the traders selling today, as the cvn office in Perth may well announce today, (it is still only 9:30am ovr there. Or POE ann tonight....
The testing is on a production well in a known good zone, so extremely unlikely to be a dud... more likely a producer 500-1000bopd... ;)
cheers
stevero_58
drilling update due for l44d1, page-3
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