the market knows there is an unexpected second zone.
they were after 1 zone and got 2,
the market does not know how good the second zone is at present.
We know the first zone had a target of 141k barrels,
I have a good feeling the second unexpected zone maybe more than this.
Now call it a ramp, but I think if some have read my posts I have been pretty close to what has happened.
So we could have more bopd in the second zone than the original one targeted
Some buyers would have jumped on yesterday in the 6's and some might have got nervous and sold.
When they release more news it should move again
it is a pretty safe play here, as opposed to others that are higher risk.
still say come PEL time it could be 20 cents plus..
20 mill barrels there, 1 mill recoverable from first well.
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