They have been measuring gas for over 250 metres. Is there anyone with technical savvy who can say if this is a good indication? Measures range from 200-700 units of gas for the last few reports. I guess if there is a big buy order at tomorrows opening after the weekends analysis, then the announcement will be good??? I don't know how long this evaluation will take but with the daily cost of the rig I hope thay arn't grasping at straws. One would think with all the experience in the Petroleum industry with EBR management and now ADXs expert, that there is still a chance of a commercial find.
EBR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held