RIA rialto energy limited

Rawks query got me thinking so i called the analyst who...

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    Rawks query got me thinking so i called the analyst who incidentally had met with the MD lst night

    The havent logged yet because the initial plan was to set a small casing and move to a smaller drill for the last section. They have however found that they are able to continue drilling with the same drill bit and have continued so they can win back some days and reduce costs form the delays. they are only entering condor now so the hydrocarbons are from primary target.

    they will drill to TD and test and log. The MD said he wasnt of the view of making a big deal about the hydrocarbons as for them its all about the flow rates

    its interestinbg when we have an explanation, what seems as a question mark can infact be a posiive in that they havent provided more deatil as they are continuing to drill due to not setting the casing

    he also went into some detail about some tool the follows the drill bit that gets and initial data reading as a first cut of hydrocabons and that its the wirelog tool and other tools which will determine deatil of reservior. the analyst is pleased about the resuls thus far
 
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Currently unlisted public company.

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