RE:Announcement this week as to the initial exploration resultsThanks for posting this. I could not figure out if the fellow was "smirking" or smiling. Nevertheless, what he said about an announcement coming this week is very significant.
Clearly, the party line of "we will announce results only after 3 wells are drilled" was purely defensive PR. It if was a dud on the first hole, they would not have to announce anything and go on to drill the next well. See...we told you we would announce after all 3 wells were done.
On the other hand, if they found a functioning petroleum system, then they know that the word would inevitably go out. People talk. So better to lay it out before rumors start swirling.
In that context, what this fellow at NAMCOR is saying attains a lot of significance. If he is right, then the news will come out this week or next...and any news has to be considered great news.
The only question left in that event is how big is our deposit?