CND 8.11% 3.4¢ condor energy limited

looks like theyve hit oil, page-25

  1. 2,038 Posts.
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    Looks like they have responded with a progress report that is only slightly more upbeat. (no intervals)

    Progress and Current Status:
    Following a review of the wireline log and mudlog information in the last 24 hours, the Joint Venture has identified at least two zones which may contain moveable hydrocarbons; however this can only be ascertained by flow testing. A comprehensive test programme is currently being planned by the Joint Venture and is expected to take approximately 2 weeks.
    Baraka Managing Director & CEO Dr. Mark Fenton said: ““The side-wall samples recovered in the last 24 hours have indicated the presence of oil. We are encouraged by these oil shows, however until we have completed the test programme we will not be able to confirm whether movable oil is present, potential flow rates or commerciality. The oil shows in Mugello-1
 
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