This is a well not too far from Gawain-1. Although bear in mind that the closest offset well is >100km away. This is new territory and has huge potential but also high risk. I am surprised there has been no media report yet due to the deep water aspect of Gawain - although we are only 2.5 days into the drilling of the well.
I would assume we will get two (maybe 3) weeks work of drilling reports and as they get towards the reservior the SP will hopefully be significantly higher than where we are now.
Good luck all and thanks for the +ve comments
OXX Price at posting:
59.0¢ Sentiment: Hold Disclosure: Held