good news , page-5

I feel it is a positive result overall but the negatives include 1.)possibility of further unanticipated funding options possibly being required down the track and/or 2.)possibly taking Chouette out of this program. Although it wasnt explained in great detail, the way I see it is this.

The original program outlined the two Gazelles and Condor predominantly to satisfy the GSA and Chouette as a high impact exploration well, 10 km's away. Condor is out till 2013 leaving the 2 Gazelles. This current Gazelle well satisfies one third of the requirement of the GSA. It is unlikely that the second Gazelle well will produce the remainder on its own. It makes sense that an extra well be drilled in the current locality where knowledge and understanding is being gained so that GSA requirements are met, which is integral to the entire project, rather than spend the money drilling a target at Chouette. In short, the cost and time overruns from all this drama to date means the program needs modifying. Most important to reach GSA requirements and FID and move forward from there. My opinion only.