Basic rule companies are eager to release whilst any issues they delay to either combine with other results or delay as long as possible.
Lke is in a drilling program - hence drilling is ongoing. The first aquifer was due early jan the 2nd will be near the end of jan based on timelines. They have resumed drilling and no more updates. The sp has retraced 50 percent - it is problematic. Means now they will be continuing drilling until results come on board that can soften any issues. The benefit is with large acreage they have plenty of spots to drill. The negative is more cash will be needed.
Bloomberg..., page-7
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