Re the announcement "Logs obtained whilst drilling have confirmed that the well has penetrated the oil bearing Galoc reservoir sandstones in line with the pre-drill prognosis."
I do admire the Management for their low key approach. No ramping here just facts modestly presented.
Albeit that announcements could be amped up somewhat for short term SP gain but this has never been the case.
I am looking forward to a drilling update in the future where buried in the small print is something like " flow tests have confirmed 12000 bpd in line with pre drill prognosis" and oh by-the-way SC55 has been approved with drilling to start xx
the good oil
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| OEL (ASX) Chart |