GREY:ENGFF - Post by User
Comment by
molmanon Jun 09, 2010 12:54pm
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Post# 17173280
RE: RE: Congo
RE: RE: CongoI do read the NRs.
The recent February 2010 NR only talks about 2D. Picking drill sites on 2D only is risky. What I typically see today is 2D followed by 3D to narrow the site and reduce the risk. Any private drilling that I've been a party has been that way. 3D is that much better and usually is worth the extra time and money.
The same Februay 2010 NR says that ROC Oil Company LTD hit on the Castanha-1 well which is on the block contiguous to Lotshi. ROC did both 2D and 3D.
Perhaps ENG knows something that makes 3D unnecessary. But I haven't read that anywhere and would appreciate anyone pointing out such a NR, etc. I like ENG but am tired of the disappointments and lack of movement on the business, not to mention the long term loss I'm currently holding on my stock position. I just don't want others to get their expectations ahead of reality.
Regards,
MOLNAN