TShirt, Another interesting part to this is that they have gone deeper that when they spudded. PD-2 was to be spudded to TD 13,600,they have gone to 13,900. Link this to the Solimar comment "The additional testing is pending completion at the Paloma Deep-2 well, where wireline logs have now been run at TD of 13,931 feet after encountering extensive oil and gas shows." And you are right it will be an interesting week. The only concern is that there will be no announcement from NEN, sometines they are slow in this regard.To their defence theannouncements are worth waiting for. Have NEN indicated that there will be an annoyncement this week?? I still think we are on the cusp of something big at Paloma!
NEN Price at posting:
39.5¢ Sentiment: Buy Disclosure: Held
