40mcf estimate and petrocci increases stake , page-25

It was supposed to be a 3 well program but the failure of P3 and the need to drill the ST would have blown out both the costs and the timeframe.

In addition it showed serious problems with their geological model. In the event it was probably prudent to cut the exploration well from the program until they have time to re-evaluate it with the data they've got from these two wells.

So I suspect that is what happened... would be nice if management could have told the market, but it's been noted here before that RIA's management are clear as mud where bad news is concerned.