panic selling provides an opportunity, page-10

Monark
We'll have to disagree on that point.
I think investors will be able to guesstimate a value at various steps along the way.
At the end of this testing program would be one such point, because you will have flow rates for the various sections, which will lend itself to extrapolation of production from horizontal development wells.
You will also likely have independent analysis compiling the data to lead to the assessment of a contingent resource.
Its reasonable to expect both of those in Q2.
Of course, if you want to completely de-risk the company, a bankable reserve may take a bit longer.
But when that lands I'll wager the share price will be a helluva lot higher than it is today.
Risk vs reward - its the sharemarket.