Sentences with phrase «promising drilling results»
Shares in Perth - based junior explorer Walkabout Resources have surged on the release of promising drilling results at its Lindi Jumbo graphite project in Tanzania.
https://www.businessnews.com.au/
Shares in local explorer Burey Gold have skyrocketed on promising drilling results at its Giro project in Africa, with today's gains on top of a big jump before the results were announced.
Not exact matches
The market, though, also tends to respond strongly to company - specific developments, such as drilling results in promising, though perhaps relatively untested, areas.
Well, the drilling results (3 wells, to date) are promising, and the resource potential here (as with most Australian projects) may be gigantic... but isn't that always the case with these projects, at this point?!
As an example, in the United States, ultra deepwater (greater than 5,000 feet) Gulf of Mexico — where some of our nation's most promising new discoveries have been made — only 21 percent of wells drilled have resulted in a discovery of oil and natural gas.