Since the stage 1 programs interim update on 25th March where...

Since the stage 1 programs interim update on 25th March where GHY confirmed permeability and ability to flow gas to surface for Ramsay 1 & 2, all we know is that the SGS crew had a break over Easter and had to come back after and finish Ramsay 2 (30% remaining).

SGS completed Ramsay 1 and 70% of Ramsay 2 in 20 days (no break), so we could assume they were done by 1st or 2nd week in April. It has been eerily quiet since then and despite that the SP has gone from $1.42 (on 25th March) to over $2 today.

As per 25th March announcement, GHY were:
- already planning Stage 2 testing. This will be a longer-term production test to understand how future wells will perform during production.
- 2D seismic project design and costings. Acquisition during Q2/Q3.
- planning further explo drilling
- working with local and int'l labs re: isotope samples (will take several months to get back results)

At a minimum, I'd expect next announcement to be comprehensive results of the Stage 1 program and confirmation of the seismic program. I wouldn't put it past them to drop in that they already started Stage 2 because thats how GHY roll.