RE:RE:RE:RE:RE:RE:Shallow drill depth CONTRADICTS a 30,000 feet basinThanks Bpultra, I appreciate your wise post.
Shareholders sometimes become so married to the stock that they refuse to look at facts, preferring to make excuses for the company.
If the company had drilled into a reservoir of oil, they would have said so. But they said nothing. They alluded to reaching total depth but omitted to say that they could not reach 12,500 feet for whatever reason. I think this is why there was a 2 month delay in 1st drilling. They were unable to crack the foundation.
So it begs the question, if this basis is shallow meaning, not 30,000 feet as expected but only 9,000 feet, does it mean that the source rocks have not cooked the oil????
And does this affect total overoil potential oil as we are now speaking of less than 1/3 of its basin.
Regardless, it is questions that need answers before other investors buy in.
Good Luck to you,
mpo