want a lick... psyche!, page-2

IMHO Once successful fraccing has been completed of the additional zones and appropriate action has been taken over the water issue (ie. successful cement squeeze or avoid altogether on future wells) I would like to see management release to the market an updated economic assessment of the whole project. We should be seeing this before any mention of further drilling. This is what will really put a rocket under the SP.

My feeling is that they have learnt a lot more about the potential of this project then they’re telling us...and still no mention of the 50% reduction in WA Govn’t royalties on tight gas production.

Management has been extremely modest in their handling of information to market. It wouldn’t surprise me if they bring out the big guns once they have finished dissecting Warro 3.