All good stuff. Derisking is the name of the game…
Some of the main conclusions
- we believe today’s positive well results materially reduce the asymmetrical downside risk of a dry-hole in Antelope-2.
- Results are preliminary (only a test of a 170ft section in the top of the reservoir) yet compare favorably to IOC’s 3 prior successful wells and our expectations (see our IOC note from Oct 6th).
2 responses so far ↓
1 JoEllen // Oct 14, 2009 at 6:19 pm
Nice work, as usual, to see analyst reports so quickly. Great to see the target price going up!
2 InterOil (IOC) bull run is not over — shareholdersunite.com // Oct 16, 2009 at 6:35 pm
[…] basically. All the signs so far out of Antelope2 are very bullish. This, as both Raymond James and Morgan Stanley have recently argued, is de-risking the shares further, whilst further likely good news will put […]