There is certainly a bit too much top seal on the share price....

There is certainly a bit too much top seal on the share price.

Maybe we were a bit quick to write off this other well, being drilled now:

Oil Search reports that as at 0600 hrs Yemen time (+2 hrs GMT) on 29 August, the Reeb-1 well was at a depth of 2,716 metres and drilling ahead
in a 12-1/4” hole. Progress for the week was 633 metres.
During the week, the well drilled through the primary Qishn clastics target, with no hydrocarbon shows. However, strong gas shows were
observed while drilling through the top of the secondary Nayfa objective. These shows will be evaluated further during the logging programme.

Reeb-1 is located approximately 35 kilometres east of the Al Magrabah-1 well. The primary target is the Qishn Clastics with secondary targets in
the fractured/karstified Saar and Nayfa formations, Kuhlan sandstone and weathered/fractured metamorphic basement. The prognosed total depth of the well is approximately 3,200 metres.

ARC 15%