Yes very dissapointing MF; 4800 meters and no pay, they had oil shows but nothing economic and didn't even get close to the deep target.

Eagle Deep will be much more expensive due to high pressure / high temperature and will be a higher risk well and probably take longer than Jaguar.

I sold today and will wait to see how things shake out, short term trades here will probably be profitable, but no big money until the next spud which I am guessing will be Q1, 2013 unless CGX gets taken out. JMO.