Hi all, great news about the oil column but poor quality reservoir was the killer! but if you look at the earlier announcment showing a section of the prospect, you'll see the target of the next well will be the BIG test. This first well seems to have been a strategraphic test for hydros? which has worked! but now they need to find reservoir! (with hydros)
I own some oppies, might buy some more, but i'm not excited by the CEO or his backers. Hope I'm proved wrong and mid-large oil field is found and flows profitably .. and socialists in Canberra don't decide to take all the profits!
Dh.
CTP Price at posting:
29.5¢ Sentiment: None Disclosure: Held
