The find may not be that small, notice ID's comment that further drilling may by done in betwen the new find and Spirfire... Potential for a bigger & potentialy connected play maybe?
Great result for the first well regardless, ID recently commented that 2 successes out of the 7 exploration wells would make it a worthwhile venture, that means they only need 1 more out of the remaining 6 exploration wells to come in for the exploration drilling to be considered successful.
Perhaps more promising is the merged 3D has produced a result first up which will increase confidence and should theoretically increase COS for the remaining wells as the merged 3D has been tested and proven.
SXY Price at posting:
48.5¢ Sentiment: Buy Disclosure: Held
