1) Progress on A#1: IMO, they should b back to drilling since the last update, & hopefully closing in to the first target at Murta, so the nxt update should b very interesting. Murta is followed by the Namur. Both these formations had shows nearby at the Narcoonowie wells, so we wait for the official verdict over the nxt few days for the shallow targets (there's a deeper target as well here).
2) Testing at Fury#1: They had completed the well as a producer, i.e. run production tubing. So matter of perforating the first interval in the Murta at 1309-1326m first & record the oil flow. Any decent flows here should bode well for the SP.
MHL Price at posting:
0.8¢ Sentiment: Hold Disclosure: Held