TDO watching PAVO and APUS drilling by CVN and STO, page-45

CVN has reported that Apus 1 is a dry hole .

This was always the most likely result for this well as there was considerable risk for the migration pathway , seal and reservoir quality .

The news was not completely bad as there were non commercial indications of hydrocarbons and good reservoir quality .
I would have expected a good kick in the TDO price if Apus had been a big discovery and we might see some nearology speculators leave on this news .

However this result imo does not have a great bearing on the overall strategy of the company or the value of its Bedout Basin prospects