I'm neither happy or unhappy with what has been reported. I am simply saying (or perhaps more correctly saying) there is nothing new, about any of the 3 wells they drilled. For Marco Polo & Columbus that may well be because there is nothing new to report, but that does not apply to Magellan. Last update on that was in the quarterly - a 98 bopd IP rate - a figure that as at the report date is almost 3 months old, yet no 30 or 60 day IP rate. How is it possible that a 30 day IP rate is not available? And no plans about how they will fund more drilling.
Cheers, Sharks.
AKK Price at posting:
0.6¢ Sentiment: None Disclosure: Not Held
