'Average Oil' Oil with an API greater than 30 is termed light,...

'Average Oil'

Oil with an API greater than 30 is termed light, between 22 and 30 medium, below 22 heavy and below 10 extra heavy.

I wonder if 'Average' is classed as between 22 and 30 (medium)? - that would be a shame, I really hope
the API is greater than 30 (light) :/

I think YA mentioned earlier something about the previous well drilled off Senegal in the... 1960's? I think the API was in the heavy range?

There might be oil but it doesn't mean it is commercial grade. I really hope we don't get an announcement saying 'we found non-commercial quantities of crude baring sands' blablabla 'We will now drill SNE-1 to test different traps to in the hope of finding lighter quality oil API'.

I know the SP is looking good and I really, really hope for a good outcome for all of us, however, I have been here before when the SP sky rocketed to 14c and we all thought we were on a winner (KORA) and then it crashed to something like 1.8c based on a bad result.

I know we can take the fact the insto investors are buying up as a good sign, however, they might have different 'objectives' to us.

Just be careful and DYOR.

Ele.