Market reaction: positive. The flow rate at the high quality pay sands is very good. The lower quality sands appear to also flow at a rate that would justify their commercial development. This was an important area of uncertainty. SNE-1 and SNE-2 appear to be connected. This result will certainly at least firm-up the Pmean discovered Resources case and perhaps boost them. The overall development of the field is also derisked further. We currently carry SNE at £0.51/sh (unrisked) and hav
04 Jan 2016
SUCCESSFUL SENEGAL APPRAISAL WELL
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SUCCESSFUL SENEGAL APPRAISAL WELL
Capricorn Energy PLC (CNE:LON) | 192 6.5 1.8% | Mkt Cap: 137.3m
- Published:
04 Jan 2016 -
Author:
Stephane Foucaud -
Pages:
2
Market reaction: positive. The flow rate at the high quality pay sands is very good. The lower quality sands appear to also flow at a rate that would justify their commercial development. This was an important area of uncertainty. SNE-1 and SNE-2 appear to be connected. This result will certainly at least firm-up the Pmean discovered Resources case and perhaps boost them. The overall development of the field is also derisked further. We currently carry SNE at £0.51/sh (unrisked) and hav