thursday, page-14

Boring... I do notice that the announcement this time says explicitly

"regarding the results from the gas flow testing program on the Warro 3 well"


So any talk that this is about cap raising, the Warro project's viability, JV partners or whatever are now off the table.

This is about the gas testing on Zones 7 & 8 - Nothing more or less it would seem. In my view this means that the announcement has very low downside (nothing in zones 7 or 8 isn't a dealbreaker) but very high upside (huge gas from these zones could mean big things.

I'm not selling either way