great announcement should run, page-12

The company has been valued by analysts using a 2P gas reserve price discount closer to US $2 per mcf, and the valuations come out well over AUS $2 per share .
The co is undervalued on reserves alone .

Management said the current well flowed on initial testing at 5 million cf per day . We are currently earning based on 7 million cf per day from one well .

Valuations cheap based on reserves, real and actual gas flow above estimate . Where's the bad news ?