This was the Most encouraging statement for me.
"Once the joint venture partners have had the opportunity to consider the results of the Roc-1 well, I expect a meeting will be arranged to discuss the timing and location of follow up wells to further explore and appraise this resource. At the time of writing this report, the joint venture partners were in the process of considering the well data and have not met to consider the results or discuss future actions."
This was the most disappointing.
"The Roc-1 well was not designed to test for these deeper gas-condensate sands and accordingly the joint venture partners made the decision to conclude drilling without undertaking testing operations. "
For crying out loud, you are spending 30 to 40M per drill, and you are out there looking for oil and gas - at least, have all the right equipment in place.
The JV need to do better!!!
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