TSXV:ART.H - Post by User
Post by
discern1on Jul 06, 2011 11:02am
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Post# 18800905
Sterling hit - - - nothing
Sterling hit - - - nothingI am very long on VST.
As our breath is baited for some results, Sterling released an update today from the Sangaw North well and stated that they did not hit any commercial oil.
https://af.reuters.com/article/energyOilNews/idAFL3E7I60NE20110706
This is obviously very disappointing news because we perhaps expected that a find in this well would have a lift for ours.
IF you don't remember, the Sangaw North well is the closest block to our southwest. The drill site is about 50km west of ours.
On June 13th, Sterling released the results of the open hole testing of the Jurassic region of the well and stated that they had hit water.