DEC-10-2019: CARAPA - INDICATIONS OF SUCCESS...Update from proactive investors; 'The Pay Zone'...
Source:
https://www.proactiveinvestors.co.uk/companies/news/908862/oil-price-eco-dgo-falcon-gkp-reabold-resources--and-finally-908862.html For Eco, and the rest of the Orinduik JV it is very much business as usual with budgets approved for at least two wells next year and live further assessments of the mapping of the wells which will be done as soon as the Carapa-1 well result comes in.
The well is still drilling but indications are that it might also be a success, it has been drilling for longer than you might expect if it was a duster and didn’t get a mention yesterday [by Tullow].
Should this well come in it would be another massive validation of the area for all concerned. If there is oil there the chances of Orinduik being full of oil suddenly just got a lot better, after all with Carapa being closer to shore that would make Hammerhead, Jethro and Joe look properly pleasing.