announcement out, page-14

I hope its a case of them playing their cards close to their chest, rather than not having anything to report.

If they don't collect any data from this programme other than the fact that gas is extractable (in some form?) then it is probably going to be seen as a failure by the market.

I could be wrong but wouldn't that then mean they basically need to redo the programme over a longer period so they have time to collect the required data/flow rates?

If so, what was the point in this programme at all? It actually makes me a bit angry. Management have made miseleading announcements to suggest that flow rates would be established during this programme (this is why I invested) and this seems to be seemingly unimportant to them at this stage.

Why move onto the next stage when you have done all the prep work to conduct some proper testing and get some useful results? Absolute madness. Yes it was scheduled to fit in with other drilling, but they should've emphasised that flow rates would be a bonus thing rather than being the goal.

I did not invest in NWE pre fraccing programme for them to test if fraccing worked, or I would've waited to jump on ALOT further down the track - such as after the 2-3month lull that may now occur after this final stage of 'testing'.

Lets hope the last stage isn't a duster, or we're back to 5c (or lower?).

And they better have some direction VERY quickly after this final test in regards to determining flow rates etc (this is what the market NEEDS).

All my opinion, but so far I consider this programme to be below 'satisfactory'.

Bit of a rant I know, just getting tired of the nothing announcements.