No it is not a redrill but an appraisal well to test the Eastern extremities of the Growler field. If there is oil present it may, depending on the result , lead to proper certification of about 1.8 million barrels.
Usually I dont like forecasting an oil drill but I am confident about this one. But it is only an appraisal. I think Eddie is confident too, the way he has been buying up lately. Should know by the end of the week?
ITC Price at posting:
2.8¢ Sentiment: Buy Disclosure: Held