RE:RE:RE:RE:RE:We should have closed at $11+ today
TurnToTheRight wrote: Unfortunately a working petroleum system and commmercially petroleum system aren't the same thing. Working can mean that hydrocarbons were produced, which can be determined via formation evaluation, but commercial viability is dependent on more than just the oil being there. It needs to have enough porosity (volume), formation pressure, and permeability (ease for hydrocarbons to migrate through the reservoir) to ensure that the capital investment required for asset development can be recouped with an acceptable rate of return.
Well thank you for clearing that up. So in other words all this excitement about 600ft and now 450ft of working petroleum may be for nothing as the company has not been clear if it's commercially viable, Shouldnt this be evident by the samples already drilled so far or is the company being purposefully elusive with the language and the interpretation of the results?