Oilbarrel.comMaybe the market agrees with statements like this from oilbarrel.com:
After the Santa Rosa test, the separate, shallow discovery in the upper Icla formation will be tested, the company added this week.
But there’s no reason to get carried away just yet, especially after the Jacaranda well.
While the well seems to have encountered a petroleum system, it had not discovered an oil reservoir from which oil can be extracted.
That makes the testing work ahead at Lapacho all the more vital if President is to sustain its current positive upward trajectory.
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