GREY:ENGFF - Post by User
Comment by
steadfaston Jul 17, 2008 11:17am
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Post# 15302377
RE: Tight hole status
RE: Tight hole statusIn an attempt tp put piece of this puzzle together, it is possible:
1. A NR will be issued after market closes Tues or before Opening on Wed.
2. It may say:
x-Trillion cu ft of gas has been found. It will require further drilling to determine if commercially viable.
The decision to drill to 5500 mtrs has been made. Due to drilling difficulties encountered to-date,
no t-d dates have been determined.
3. If my memory is correct, I believe oil off Brazil was found around 5500 mtrs, can someone confirm, please?
If the puzzle were to read similar to above, I would expect it to be positive for the stock.
What a time to be visiting a cottage - overnight on Tuesday. Based on above I hope to come back to
an increase in share price.
I think we have too many good rumours to believe that they will not continue to drill further.
Any comments, greatly appreciated.
Steadfast