IVZ Share Price, page-6685

Alot of people here and elsewhere are talking about how the SP will sink if we don't hit on the first target.

But the most likely scenario is we get results from the first 3 horizons at the same time.

In the latest JRI video (from 51mins in) Scott says that if they take a kick on the first horizon and need to use the diverter to flow gas to surface, then they will announce it. But this will only occur if they got the mudweight wrong.

He said they will almost certainly not make ann's on shows (which would be hard to see anyway with the mudweight).

And he said that logging while drilling data is very coarse, so they won't make ann's based on that data.

So once they hit the top of the Pebbly Arkose, they will perform a wireline evaluation, and only then will make an ann, which it sounds like will be 3-5 days.

So without delays, it sounds like first results should be about 30-35 days from spud.

And the first results will be for the top 3 horizons, therefore we won't get results for the first horizon alone.