"I think the most likely explanation of the result is that the reservoir exists, but it is full of something other than useful gas - in that case, why continue drilling?"
MrUpsideDown, Report 5 said "An over-pressured gas zone encountered above the primary objective?" So you reckon it might be CO2 or something? That would be a bit misleading I think. Anyway, it appears Petrobras has now gone cap-in-hand to the Bolivians for its LNG. No doubt they would prefer to get it from WA-360. Maybe they will have another crack at it soon!
MEO Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
