Oh My Gosh ! What a difference a well can make.Come back...

Oh My Gosh ! What a difference a well can make.
Come back California. All is forgiven!
Louisiana - what a loser !

Yep well news out this morning from NEN and SGY that the Guijarral Hills well has reached Total Depth of 10,550 feet and "....the initial analysis of wireline log data suggests potential for 50 to 60 feet of net hydrocarbon pay over the target reservoir formations...."

Okay now it is going tom be about 3 weeks before they get a smaller rig into place to test the 4 formations mentioned so there is no conclusive proof yet that GH has delivered a commercial strike but obviously it looks promising at this stage.

Now what effect will this news have on the SGY share price today ?
Those SGY shares that QPN have could become even more valuable now. SGY has 35% of Guijarral Hills.
What a pity QPN doesn't have any % except for the shares in SGY