RE:Did we miss anything?They haven't finished the Luiperd well yet and hence we haven't missed anything.
The article is nice with a couple of reminders...........the Luiperd well has a "greater than 80% chance of success......which is unheard of in exploration"..............the prospect has a higher "chance of containing oil".........remember a few days ago someone posted that LNG was not commercial in SA so they must be willing to admit that targetting oil is good news
The prospect is bigger than Brulpadda and the total CEO is on record stating that Brulpadda could produce > 1 billion bbls BOE.
AFE have 10% of the entire block...............with multiple prospects each with DHI.........
The daily volume being traded is minimal and a significant jump in volume is going to be our first indication of success or failure.............Depending on the weather they might be still running BOP's or they might be close to the reservoir - Now is not the time to walk away from your pc (news could be days or a few weeks away).
The caveat to the above is let's hope the weather is kind. Good luck all