PRM 0.00% 0.5¢ prominence energy limited

hartley's report - here, page-2

  1. 548 Posts.

    Hartleys REALLY are a bunch of manipulators for their own gain. I am surprised the ASX hasnt stopped their reporting methods....

    in the first report quote;

    The first well is located directly above the interpreted source kitchen and, in
    our view, is likely to have oil shows. Risk around reservoir quality and seal
    remains; however, given the multiple well campaign (and multiple play types
    and target horizons), the chances of finding all the required parameters for
    commercial oil in at least one well is considered to be relatively good (i.e risk
    is low-moderate rather than high).

    and in the latest report;

    The Joint Venture has not encountered what it
    expected in either of the first two wells in terms of the stratigraphic
    sequence. This is common in areas where there has been little to no
    historical drilling.



    So at the start Hartleys were pretty much saying the risks were LOW and when they didnt find any oil Hartleys now turn around and say..."well now that they didnt find any oil its common in areas with no historic drilling"


    I will NEVER EVER read or subscribe to ANYTHING that this bunch of rampers publish!!!

 
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