Equator Exploration - W. African Oil / Gas Giant in the Making (moderated)

mach - I was looking at the June presentation and if you look at page 14 then there is text about a planned development well. I assume this is the D3 well to be drilled as it ties in with the drawing on page 15.

if you look at the central area i.e. D-X1, D3 and D4 and assume that that is what they assumed to be the reservoir.

If you believe what they said and that they did not expect C2 oil at the D-2 well we may be in luck as oil was found that far out we may get a 10% or 15% uplift in reserves from C2 whilst getting a downgrade from the 130 million.

I think that's why there was a mass sell off in May as there must have been a leak that the C1 was gas wayyyyy back then as those that understood took action.

Anyway imagine of the shorters really did hire a sub.... noooooo.