dr11 no hydrocarbons, page-25

footy,Fitza,Deezo,
Agree regarding getting on with the AD program etc.
Wrt DR11…Whilst they had a shot at Warradarge 1 and it didn’t come off first time, all is not lost, however JMO of the following:
No indications of hydrocarbons.
Dept. of Mines & Energy are considering their drill applications separately.
Just reading between the lines and could be totally wrong wrt the following as part of their announcement:
“The Company will now study all parts of the Warradarge-1drilling programme as part of its permit wide assessment ofDR11 and any proposal to drill the Warradarge-2 exploration well in the licence.”

They may elect to shelve it for a while and conserve funds as they were the proposers to drill 2 wells rather than the Dept. of insisting that they do so.
They have not stated that they have released the drill rig as yet, however it may well be on the cards.
Regards.