3800 metres TD @ END of April 2012 At the current drill rate, TD @ 3800 metres won't be reached until the end of April 2012.
So don't expect any company news about the well in Pirateland, Somalia until then.
You will only hear rumours and speculation on this board and the HRN board, by pumpers like penny, skier, yemen, aweigh, rions and their ilk. They get their intel from the goat herders and camel jockeys in Pirateland, Somalia. Beware of the terrorists.
Anybody who objects to their pumping is threatened with a drone strike by the Pumper General Skier.
What's that I hear flying above? LOL.
Is commercial viability realistic in this geopolitical risky state???
Does Kenya have commercial viability for its well??? More wells need to be drilled to find out.
President Mwai Kibaki said in a statement read on live television that Tullow had encountered in excess of 20 metres of net oil pay, and would drill more wells in the area to ascertain the commercial viability of the find.
"This is the first time Kenya has made such a discovery and it is very good news," Kibaki said. "It is however the beginning of a long journey to make our country an oil producer, which typically takes in excess of 3 years."
That gives plenty of time for the pumpers to offload shares to the suckers buying now.
This stock will be in a trading range for all the day traders until the news hits the fan.
Don't be a bagholder. Take your profits and run now.
GLTA.