Sounds this well is the same as the previous one....Basing my speculation on the way OYL has been issuing Press Releases. Say some oil has been found and they are logging. No mention of sampling (MDT) to confirm oil and type recovered. Then silence....
So after a while they will announce either a poor well, or couldnt get complete logs and samples, but their analysis shows a lot of oil (which the market will not buy)
Then plan to drill another $120m well.
Stock drops to below $1 and then FEC takes over completely.
Really an incompetent bunch of executives who do not know how to manage a junior exploration comapny. Big company guys with no clue that they ultimately report to shareholders.....