RE: RE: The Glass is half full... Agree Hound. I also think otter posted some valid technical information. Id like to hear more technical feedback from those who know but i believe the call tomorrow will be very interesting. As otter mentioned, we got 140m in the first well and KH indicated this one should recover even more lower down due to the geology. That didn't happen.
I believe either the market really was expecting greater net pay communicated and like me, are a bit confused on this "new play" or it was an opportunity to use the market uncertainty to create a share stealing bear raid. Probably some of both. If it was a raid we should recover nicely once the sharks fill their bellies.
I take it as very positive light oil was recovered to the surface from this 796m section but am unclear on what it means positive or negative for the remainder of the basin. I anxiously await clarification. I'm sure in the long run this will be a blip on the chart but today sure did suck!
I have seen many opinionated Motley Fool posts preceded by bear raids in the US and am very suspect of the timing of that article.
We do need some clarification and am please to see a call is scheduled.
GLTA