Did anyone notice that despite the word OIL not being used once in the Gretel II update, production facilities are being built as soon as flow back is finished. That leaves 2 options......
- there's no oil yet but we'll build the tanks etc just in case or
- there's a lot of oil but we aren't ready to say how much yet so just trust us.
Considering the early indications for this well have been excellent, I like option 2. TB is looking to secure more leases so maybe stretching things out a bit is in our best interests. The lack of info about Aus II could be linked to this scenario also. My apologies for the conspiracy theory but it's raining and I'am bored.
OMR
SSN Price at posting:
9.8¢ Sentiment: LT Buy Disclosure: Held
