RE: 2 dry wells The wells were not dry wells you dummy, they found oil in them go back and reread the nr re; those wells,
Both the Mulyawara-1 and Kutjara-1 wells (drilled in 2011) encountered oil and gas shows, encouraging petroleum system indications and excellent Neoproterozoic reservoirs. In particular, during the drilling of Mulyawara-1, gas shows with up to C5 (pentane) content were recorded over sands in the Mundallio and Emeroo sections totaling approximately 150 gross metres. Although these shows demonstrated an active mature petroleum system capable of generating hydrocarbons, both wells were plugged and abandoned as neither was perceived to be commercial. However, management of Rodinia continues to believe that significant potential remains for both conventional and unconventional hydrocarbon discoveries on its holdings.
Mr Paul Bennett has been saying all along that ROZ maybe sitting on 126 billions of recoverable oil
and the latest NR for LINC comes to give a tremendous validity to his claims.
SB
ps, I guess for your comment you sold and want to get back in cheaper, good luck to you,