re: Ann: Cyrene-1 Daily Drilling Report for 2... "13. Hydrocarbon indications:
Background gas has ranged between 0.01 – 0.02 units in the Grant Formation. No background gas was detected in the offset well Hedonia-1 for the equivalent section."
It seems they are intimating that this well has bragging rights at this stage over the Hedonia#1.The question is when drilling is a very high risk business,why build an expectation into the remaining sections? Are they that confident or is it pure oil drillers bravado?
My intuition says oily core,brokers buy but dont any of you trust it,go by your own feel.
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