Poor Sandune is in the naughty corner for a week .. thank GOD!! LOL!!
But seriously the more I read about this play, the more I like it. Yes, it's high risk being a stratigraphic trap but they're targeting Permian / Triassic rocks, which is a major oil and gas producer and the theory of oil migrating west has been proved in other discoveries .. whether that applies here? who knows?
I personally think it has a good chance of at least oil/gas shows .. whether the reservoir is adequate or a trap is present, is the big questions.
BTW, I'm not a geo, i'm just speculating out my ring hole. LOL!
Bg.
EBR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held