There’s nothing wrong with what we have, the condensate or oil is cream on top as far as the economics of the project go, there is more to come on that front once samples are analysed, as SM said once the samples get to Houston that side of things is very quick. So somewhere in Q1 we will get that information, along with possibly any further information on helium in the mix at the M2 location, which again is cream on the top as a by product of the gas being produced.
There is only so much they can release at the moment, they haven’t finished current well operations, getting the wireline finished and the liner in so we can go again in Q1/Q2 with drilling 6 inch and then flow testing is the focus right now.
Between funding options, refined M2 results, 2D seismic from out East, monetarisation opportunities, and then flow testing and the forward plan for the next well, there’s plenty coming in the short term to keep things interesting.
IVZ Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
