Yorick, not sure what your mission is but do you understand that it appears they didn't call it wrong, they had a problem with a 3 degrees unexpected deviation on drilling into a very narrow portion of a long thin field. Bad luck, bad decision - I don't know and EDEX is only a small player in this one - in one sense as if they had gone 3 degrees up or down stream and not left or right we would be celebrating now. So oil = yes but not in the quantities on the edge of the field as favored and to go production here would eliminate coming back, going horizontal at a later date, making it a better well... so they just plugged for now. Already are committed to more activity in that field so the major players obviously believe in what they expected and understand the results. I hope they are ultimately on track as there is alot of potential involved.
In any case they don't appear to have made a bad read on the field just missed on the drill by a bit - make that possibly a temporary miss.
zagdad
