how much oil is abiod, page-11

Well I can deny it, as how can it be a failure when they haven't even reached the target reservoir??

The drop has been due to disappointment on drilling delays and the impact of additional costs on JKA, not due to the well being a failure.

Also, just to deny some of the negative posts on here, a failure in this well will not necessarily result in HW being worth nothing, remember, they state that a discovery of 12m barrels would be economic to develop. Whilst Dragon may not be interested per say in this development, I would assume that once a production / development licence was granted over this area for development drilling that Dragon would sell this off (either to JKA / COE or a 3rd party) and it would still be developed, and Dragon would continue in the JV to review the rest of the licence. Plenty of other prospects for them.