current status - ww1-a, page-5

Hi Wasa,

Your are correct. I got my info from 'Rigzone', who tagged the RR as 'drilling. Their RR status turned out to be incorrect.

Anyway they are drilling now.

The TRP SP is on a knife-edge, as is the GBP SP. The WW1-A well is targeting a potential volume of oil that is so large I cannot imagine it. This is an oil target not a gas one, so if they do get lucky (~30% chance) and find 11b barrels of oil the TRP SP should rise 30-50 times its current price of 3p. I like those odds!! It's a big big potentially lucrative gamble.

If WW1-A gets max-lucky, I have no doubt that GBP will also rocket, but by a relatively small multiple compared to TRPs possible trajectory.

I gather that although the well has been designated 'tight' it has and can be expected to leak (info) a bit. The drill bit should reach the main target within the next few days. Success or otherwise should therefore be reflected in the TRP SP on Monday morning (UK time), with or without an announcement.

Here's hoping.

K