If this well was a 'duster' why are Horn Petroleum drilling another one?
It is more likely in my opinion to see how big the oil-field is.
We will need to be patient untill testing is carried out.
But as Smart said it will probably create buying opportunities.
What we do know is that we have a 12-20 metre zone of significant hydrocarbon pay in the Jesomma Formation & we have a working petroleum system in the Jurassic Adigrat Formation.
This well ---for a exploratory well would have been very successfull--in my opinion---they now have valuable drill data to compare seismic informatin etc.
No way is this well a duster.
RRS Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
