it's a dud, page-9

defplayer, if this well is a dud the next cap raising will be below 2c.

I'm thinking that if it were a duster, the selling would have been intense today. I don't think it is good news yet either, else JH would have strategically placed the announcement at a time where the announcement icon would show up on trading applications this morning.

I think (and hope) management is just making damn sure of the results before another oil flow likely debacle.
However if it is a dud, do yourself a favor and sell immediately on the announcement that is either a) an 'independent' valuation, or b) a report highlighting all 'potential' CTP has in other tenements. These announcements would likely predate the after-hours announcement indicating they got nada