RE:RE:Here's the news and it looks good!!!My favourite part of the news release is the following as it shows the oil resevoir is a pretty decent size and that the natural gas portion contains condensate (liquids). The market didn't take notice today but that will change in my opinion:
The oil was first noticed when the well reached the depth of 3,412 feet (1,040 m) and it continued flowing until total depth was reached. Important influxes of natural gas were also recorded over several intervals. The gas consisted mostly of methane with no hydrogen sulfide (H2S) and is associated with significant amounts of condensates in the order of 100mL per cubic meter.