Yeah, well I bought in about 6 months ago I think.
I like this well mostly because of it's proximity to Ungani and the fact that so few wells have been drilled in the region. The Ungani well has demonstrated that oil is present in the area so this bodes well, however the geology is supposedly different.
Over the years that I have been following exploration in the Canning through my interest in Arc Energy (now Buru), each well seems to be unique, so anything could happen. Hopefully there will be pleasant surprise at Cyrene.
Still reckon they'll need to do a CR in the New Year though. Just a matter of whether it will be at 1.6 or 16 cents. Hoping for the latter obviously.
Good Luck
anyone made any profit from key?, page-10
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