re: oil shows claws What is happening Claws. I am a big EBR fan but they typically put out statements that are too technical or ambiguous. We should all email/call them and seek clarification of what is going on here.In their 4 Jan 06 release they use the term fair-good to describe the oil potential of the Poolowanna formation (in Emily1) which has P90 of 1.5 mmbls. So is "fair" in relation to the Hutton show positive or just OK ??? or what. I suppose they don't want to get too excited too soon before testing but the market seems confused. Anyway they are drilling ahead and should reach the Poolowanna today or tomorrow and perhaps more oil shows. They did say any of the three formations could be commercial in it's own right.
FC
re: oil shows claws What is happening Claws. I am a big EBR fan...
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