RE: RE: RE: RE: RE: RE: RE: RE: GET IN NOW !They have only just scratched the Top of the Shiranish and already have a minimum 143m of "Prospective Pay" within fracture plumbing with or without any significant matrix porosity and hence matrix storage volume. (They don't say) There is a significant column of the Shiranish to still drill below the 7" liner setting depth of 3558m. There are also the underlying Kometan and Qamchuqa reservoir zones yet to be seen. If the entire section proves oil bearing (there should not be any gas condensates underlying this upper oil zone - at least not in the Cretaceous - the deeper Jurassic and Triassic - well that's quite another story) the potential reserves contained in a structure with several hundred metres of vertically fractured reservoir spread over 65+ sq kilometers of geographical extent is huge. Add in a likely high to very high potential recovery factor if the oil is light and the plumbing all fractures then this speaks much greater volumes in what they have not said directly...No major gas kicks is a very good sign.
As far as share price goes... well.you all know how it goes. Itis all about profitting the most.