after allowing 2 days to set the 9 5/8" casing then should be drilling ahead now.
in the home stretch and it would be great if can determine oil is there before wire logging
M
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after allowing 2 days to set the 9 5/8" casing then should be drilling ahead now.
in the home stretch and it would be great if can determine oil is there before wire logging
M
Thanks for all the comments posters. Is it not the most incredible drilling age we are moving into. Years ago each drill was accompanied with some excitement and speculative play. Now it is as if nothing is happening at all. The upshot of this non interest is that the punters and intended investors will all be caught with their trousers down if oil is found. The other side of the coin is that punters can be happy they took no part if the well is dry.. Still my point stands that it is now a wait and see world there in the past this well would have been at fever pitch by now.
Tis sad digger, but as you say if this puppy comes in and it may very well do, then those sitting on the sidelines will most likely miss out certainly at these prices. A positive find for Premier doesnt raise their SP as much as it will for PPP.
A dry well whilst disappointing is one of just 5 wells for PPP this year where they try to find that elusive producing site.
I think that the potential here is very encouraging, and the next few days will be very interesting to watch.
so JPDA is dead
http://www.asx.com.au/asx/statistics...idsId=01424886
M
Looks like the Timorese govt made it too hard to do business there. No great loss at all
the prospects in Vietnam and he producing tui assets in NZ are a better fit for PPP's profile.
keep this channel open for further developments in the upcoming week.
locked and loaded
Cap
Should get an Announcement any day now the market has completely looked past this drill any sign of commercial hydrocarbons will see this fly. Will be interesting to see what type of downside for the sp if dry.
Block 121 Vietnam targeting 120 mmbls new should be out early next week at the latest I would suggest.
http://hotcopper.com.au/announcement...-PPP740246.pdf
This week is the week