RE: RE: RE: RE: RE: RE: Today's newsI read the report. This is few comments :
The G6RE and AKD02 wells did not flow. The Company is also planning radial drilling activities on these
two wells. We are more cautious about the outcome of this exercise given the targeted zones are in the Jurassic which exhibited lower reservoir quality than the Cretaceous.
......
We recognize r
ecent drilling results have been mitigated, but the
Company keeps benefiting from a very busy near term
newsflow. Importantly, on an unrisked basis, we estimate the value of the ongoing Kalypso well at C$2.59
but since we seem to have failed the first target at kalypso coz they did not report any finding in the last news. So I guess the last zone that they are drilling now should be worth around 1$ per share if succesful.