* why twin lions failed *, page-2

  1. Jim
    914 Posts.
    lightbulb Created with Sketch. 40
    good explanation blackgold

    i like the way apache is going about exploring the north perth basin. i've never heard of a company performing 3d seismic on a dry well so they know what NOT to drill next time. if they can identify breached structures before drilling it has to be good for confidence in the drilling phase.

    there are still a lot of decent structures out there, but it could be a while before the drill rig is back in town. maybe from a market point of view thats not a bad thing.

    i was looking forward to decent share price appreciations for FAR as the rig moves up to banjo, Arq as the rig moves to eremia and BUY as the rig moves to leafcutter. however theres nothing like a big disappointment to temper the market's appetite for more risk.

    its a sad outcome

    good luck
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.