In the newsletter, Spillman did mention the current well in a hidden passage, but "They may drill deeper" doesn't sound too good for what they've found so far, or not. I wonder if the well is THAT tight or they don't have any good signs of pay. I would have thought prior mudlogging would have had the scent of oil. Even the tightest wells have some leaks to investors.
Quote:
Currently, drilling operations at our Ma’anit-Joseph #3 well continue. We have reached our target depth of approximately 19,357 feet (5,900 meters), in the Permian geologic layer in Northern Israel, and are now preparing for open-hole wireline logging operations, planned to commence this week. Depending on the outcome of our wireline logging and subsequent interpretation, we may determine to drill this well deeper.”
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