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I rang the company several weeks ago and one of my questions was: Will a prospective resource estimate be issued before the end of the calendar year?
My call was placed not long after the strategic placement announced so at SWE at mid 20's I think by that time (i.e already running)
The director advised that they did not know until the 2D seismic was analysed as it would come down to how well the 2D covered and defined the prosects.
I don't know what is in the announcement to cause the TH, but suspect the 2D was good enough to support an prospective resource announcement.
So.. I suspect that you and deltatrader are both right to some degree.
Should be very god news I suspect.
Gosouth
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