RM, the bit about the 1st well, got me a little excited.
Does this mean they will have another go at the 1st well in the future?
He also cast a ray of hope about the abandoned Iti-1 well.
"After detailed re-evaluation of the data and samples from the well, it has been concluded that Iti-1 contains oil in a 15-20 metre net interval within a 35 metre gross basal sandstone reservoir situated on basement," he said.