How many nothing announcements can this company make
- Drilling commences
- Rig to drill mobilised
- Drilling completed
- Testing program on schedule
- Commissioning of wells underway
- Update on final commissioning of wells
- Testing commences
Most companies only announce 1, 3 and production results - to get this this, I'm guessing we will still get the following updates along the way
- Testing completes
- Update on final initial gas
- Initial gas expected in a week
- Initial gas results
We could have read through 11 announcements only to find the initial gas results are good or are a duster.
This type of spruiky behaviour suggests another CR is imminent and they are trying to get speculative interest to inflate the CR price (which to me indicates the well is going to be a duster / not feasible). Calling it now.
Only reason I remain here is for the Perth Basin assets, for which there are other delays.... Walyering should have been in production in Jan...we are now July and no sign of cash.
CR imminent... surely it's not at a discount to the last CR which was at a discount to the previous one
