suspension, page-9

The announcement said they will release a reserves and economics report by Ryder Scott. That should include an updated NPV.

I also think they should give a reserve figure for the entire field and it could be possible they will assign 3P to the field outside the area of the 4 stage development and maybe 2 P or 1P for area in the development. That would really help with the funding.

Reserve certification is likely to be a pre-requisite for the sign-off on funding, it will give the lenders some comfort.

I'm thinking they have already received the RS report, probably on Friday (US time), so how long does it take to write up an announcement for the market? It definitely doesn't take 4 days. That leads me to believe there is more to this trading halt. Maybe funding is being signed off upon with the RS certification.

We should be getting another update on Ash Creek soon. They said a larger capacity pump (refurbished or otherwise... does it really matter so long as it does the job!) will be installed this week so there could be good news on that front.