Ann: Encounter-1 Drilling Update , page-2

Massive result but fairly muted response from market

Couple of excellent bits from ann

"Gas shows monitored during the drilling of the Roseneath Shale are higher than encountered in nearby wells and high gas shows were also recorded whilst drilling the overlying Toolachee and Daralingie formations"


"The outcome of these wells will aid the future planning of a pilot production well expected to be drilled in 2011, followed by a pilot production project commencing in 2013."

"PRODUCTION"- This is simple but massive news for a tiddler should have put us into orbit.


Payday coming but patience required

Im starting to day dream that this will not have moved by christmas, by which time I will have freed up a big chunk of cash to invest more here.