Agree .. this well won't be a gusher. But it IS impressive that they have found a 35m intersection with live oil and gas shows. Proves the petroleum system exists in the licence area and will add to knowledge .. making future discoveries more likley. Could even attract farm-in partners for more wells in PEL 6 and others nearby.
Its got to be positive. I certainly was hoping for .. but NOT EXPECTING more.
H
OIP Price at posting:
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