OIP 0.00% 4.3¢ orion petroleum limited

I have to admitt, I don't know this co in great detail, but from...

  1. 46 Posts.
    I have to admitt, I don't know this co in great detail, but from what I gather the first well, Willaroo-1, has a much better chance to hit something than the second well, Nyngynderry-1, which has a very small chance of success?

    also where Barry says
    "Nyngynderry-1 will be the first comprehensive test of a valid hydrocarbon prospect in the Darling Basin of northwestern NSW. A higher capacity rig will be used to drill this well in PEL 8."
    Does that mean a new rig needs to be located for the 2nd well, or has this already been secured with Ensign?


    Marksman your thoughts would be appreciated.


    cheers

    R
 
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