"Roc Oil (WA) Pty Limited, a wholly owned subsidiary of ROC, advises that ... The preliminary results of the initial logging indicate that the previously reported oil shows seen in core may be residual (non-producible) oil saturations. However, pressure data and fluid samples need to be fully analysed in order to allow a definitive interpretation to be made..."
From ROC's ASX release today.
Comment:
Who saw this coming? Not by reading yesterday's media and forum posts.
ARQ is currently 12% down.
dunsborough oil drilling report ..
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