The oil and gas patch is risky bus. The cos on Jacob was wildcat statis so no surprises here. They have a 3 well plus Malalos campaign and it's funded so we press on. From tight limstone to fractured snadstone who knows. The lost circulation does not mean game over but does provide challenges but if the primary target includes "Cebu coal measures" then bit early to call a duster.
Ann: Philippines Drilling - Jacob-1 Update , page-14
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