RE: BLOOMBER ARTICLE - POSITIVE, OILY BASIN OIL_RUN this statement is not directed to you, but the baffoon who stated "at least we know that the basin is oily" in the article.
We knew that there was oil in the basin in 1975 when Shell drilled the Abary well that showed potential to deliver over 3000 barrels of oil per day!
There is no sense in re-stating the obvious to try to justify a blunder! The new the problems associated with a HPHT well and could still not overcome them for some reason or other.
The unfortunate point is that they achieved more that us with 38 year old technology!
After twelve years of waiting I am bitterly dissapointed with the results of Jaguar and CGX's ability to run an oil exploration business.
We should have fired the lot of them at the AGM! But obviously we couldn't.
PRE please be nice to us as we are very vunerable, frustrated and fragile right now!