there is no way you would spend that much money drilling a well and not running wireline, so that is just normal procedure (and is a regulatory requirement in most places), however the fact that they drilled an extra 30 plus meters makes me think their formations have come in lower than expected which is seldom a good thing. Fingers crossed though, it bugs me to think that Senex will possibly be 0 for 3 on PGS farmin land, whereas LOTM rightly points out they quote a 2/3 success rate (at least with their 100% owned land.. )
PGS Price at posting:
1.8¢ Sentiment: Hold Disclosure: Held