A short term production test takes about a week, so we may hear something by the end of this week. A long term production test takes about a month and is necessary to estimate reserves.
Interesting to note that ARQ will be drilling Yardarino 5 (100% to ARQ) following Dongara 34. Corybas has obviously thrown some new light on the Yardarino field, they may also use this well to test the High Cliff Sandstone at this location which will hopefully be above the water level found at Corybas.
So we have Dongara 34 which is going to be complete in about 14 days, Yaradarino which will take around 24 and then it's on to the oil exploration, the main game.
Watch for high volatility in the lead up, ARQ's price is being pushed around on the lightest volumes it's traded in the last year, no doubt the tree shakers will be trying to get in as cheap as they can before the oil exploration starts.
Do your own research.
Sinkers
ARQ Price at posting:
0.0¢ Sentiment: None Disclosure: Held
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