RE:RE:This gal...much smarter than meowmanShe also said Joe and Jethro API is unknown. Tullow spokes person said it is 12 degree and 5% sulphur. She does quote ECO that the oil is hot and fluid for extraction. If it takes Tullow and partners this long to confirm the heavy oil details then how long will it take for a proper economic PEA and commercial decision. The truth is nobody truly knows if the first 2 wells are commercial or not hence the speculative nature of these investments. There needs to be a worth while IRR or it will stay put until it is economic or forever. The current share price has discounted Joe and Jethro to nearly zero so bet on it or don't.
On the positive side, she accurately says there are many other targets. If they keep drilling Oridinuik then Eco will trade for with some drilling related volitility into 2020. The future is uncertain hence the opportunity. At the right price that is.