good to see they got a result though they are being fairly coy on the well being at expectations. Seems a good idea to be prudent in light of the lower o sands. Might be similar production to G#1 and gas weighted?
the key takeaway was the fact the rig is being released so no more exploration/development drilling for 5 months - clearly a result of being more mindful of cashflow going forward - good on them but it’s clear in the current oil/gas price scenario they will not drill at anything like the previously disclosed level - suspect a few punters will take their money elsewhere for a few months.
BYE Price at posting:
16.5¢ Sentiment: None Disclosure: Not Held
