Although Ati-1 was unsuccessful, "detailed analysis of well data did, however, point to the presence of oil in a 35 metre thick reservoir" "This confirms the presence of oil in the basin and migration potential." Results also led to greater understanding of the basin model and distribution of sediments. The new target Avivi-1 has deeper and thicker sediments then Iti-1 and therefor suited for a good quality reservoir.
GBP Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held