One hole is better than none. They are not in the business if wasting money. They dont have as many targets as us hence why they are drilling one hole and then evaluating. Its as simple as that.
If you actuly understand the announcement you will see that AON and HPX are planning to drill together, using the same resources to lower cost. They will be using the same rigs etc. No use send two companies which will cost more when they can spread the cost. This is highly encouraging that HPX and AON are happy to work together.
I have been on the money so far providing fact and common sense. Others unfortunately are way off the mark.
AON Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
