se moran-1 next

Yesterday's announcement that NW Moran was a total success with a 7" liner being cemented in place and the well capped for future production was followed by the news that the rig will be moved across the 'paddock' to drill another exploratory hole, SE Moran-1.

Speculation about a further extension of the Moran field could see OSH price rise over the next weeks. And if they should discover that Moran is even larger, then we'll see a jump. Hopefully we'll se crude oil rise as we enter the Northern winter.