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).