RE:RE:Results out I have a question....
What testing is needed to get done on oil when you drill a hole and something black comes out. Bear in mind, this stuff is burned in old Soviet era power stations for electricity. I would think, it is pressure, water content, API and maybe sulphur. I appreciate pressure testing might take some time to see how production drops, but surely the other testing can all be done at site or flown to a lab and done in a week? And what does inconclusive mean? Is it oil or not??
I am genuinely curious....but my suspicion is that this management team was delaying an announcement until after the restructuring, and this is now a slow release of information to warm the market up that it is a bust.... maybe to be finally disclosed after the delayed AGM!
As you said, millions down the drain.