Hi Guys,
I am a little surprised although it may just be the traders exiting. I think the passage in the announcement that reads:
“It should be noted that, based on recent geotechnical studies, the oil sand encountered in Jacaranda Ridge #1 (which produced 405 barrels of oil per day on open hole test) has not been reached and is possibly only metres below the current well depth of Jacaranda Ridge #2.”
Sounds like we might be sitting on a lot more too me, so I am surprised by the sell off as it looked good to me. Oh well…lol.
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