RE:RE:The CollectiveLmao! True dat! I got on westcanpride for trashing Noble but I gotta give him praise for his excellent analysis. The smart money, with all of their brains, information and processng power seem to have valued oyl at some minimum floor price. All the rest is spec MM noise.
Are they going to test Wei? Depends on what they find. From PlainviewOil's analysis any future JV or farm-in partner would insist on one. Could also take over one year to process the test info.
Also, appraisal wells: Is Wei strategically located so that they could cut a "window" in the casing to "kick off" and drill high angle, extended reach appraisal wells that could later be used for production wells? That would save them hundreds of millions of dollars.
So many questions us oil patch savvy investors have. Time will tell. It all comes down to geology, geology, geology. And nobody on these boards knows that info.