Orion
fPL don't even know if it's one under pressured fracture or a few. Read the announcement , first it talks about 1 then says "these zones "
Not concerned the Virgin territory is under pressurised? Also not concerned they are out of cash to even complete the well , and I think they know unless they get some good flow rates , the chances of raising anything meaningful is Buckleys . They bought the recent Florence field for over 2 m and they have had it for 3 months and were not even able maintain the production of 50 barrels a day . So they have some serious funding issues and that is all one needs to take from this announcement. Remember those slides showing 6 wells per annum , then 9 then 12. Fairyland bull dust
FPL Price at posting:
1.4¢ Sentiment: None Disclosure: Not Held