bought more , page-8

SBL. There are normally two main types of risk to consider when drilling. Mechanical risk and geological risk. IMO the geological risk here is largely mitigated by the historical results. They only have historical results because they already drilled 13 holes in this vicinity decades ago. On this basis it is safe to assume that they will reach the target depths, as the current rig would be as adequate if not more sophisticated than those in operation decades ago.

Mechanical risks are normally fixed by a little time. No drilling program is exempt from mechanical risk. By the sounds of this mornings announcement the rectification process is ahead of schedule based on last weeks guidance. If there was no risk the price could be $2.40 already.