I just spoke to a company rep.
I suggested that future announcements should be couched in language that the average shareholder can understand.Especially if they want the shareprice to go up and shareholders to outlay more capital.
For example this announcement has been intrepreted as a dud even though it is not.
There exist hydrocarbons. How much has not been quantified as yet.
Yes they will drill further and may reassess after the next 100mts or so.
Apparently the company is happy with all aspects of the drilling program.
We need to wait for more news before we can assess whether there is commercial oil in this well.
regards
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