Its a large prospect at Moree-4 (as part of the greater Moree prospect). From earlier releases I think I have determined that they expect the two wells being drilled in OIP's leases by ESG will take a combined 6 weeks. That's 3 weeks each .. and with the targets being Cretaceous and only around 500m deep we can expect them to reach the target coals within a week or so .. then the remainder of the 3 weeks for each well will be casing, logging, drill stem testing and then time to move and setup at the next site. So full results within 2-3 weeks from 8 March. The Strike Oil report that Holy posted the other day said that the coals are there .. so its thie "quality" that will determine success.
Something to look forward to and with such a low share price there's plenty of upside.
H
OIP Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held
