RE:Why I think the Wells are Dusters I would not be too quick to write Recaf off on the basis of a couple of drillings. We have a huge area that will require more time and investment.
Let is remember Prudhoe Bay in Alaska. Some 80 initial wells were drilled over years that came up dry. Then ka-Chung, ka-Chung they hit it BIG, really BIG! See below from the web:
"The Prudhoe Bay Field has more than 800 active oil-producing wells."