thanks flatchat, that sounds encouraging. From memory the next well is for gas and rated at 50% chance of success, only worth few cents to EBR though. Of course other oil wells to follow. "Wet" gas in current well may make problems in connectiong to existing pipelines though. Wouldn't the oil have to be stripped from gas first, extra costs I assume, might effect economics. Watching with interest, I'm a long term holder here and happy to top up on any sell offs.
EBR Price at posting:
0.0¢ Sentiment: None Disclosure: Held