The cat among the pigeons is "Nido expects to be at the primary reservoir objective in the next few days, based on forward drilling estimates."
Punters have extrapolated the rate of advance from this and have come to the conclusion that we should have been at TD by now. Big booboo making the statement at all. The going started to get tough after the 9.625 casing point (claystone & pressure). This statement was at 2,329m (23rd June - 9 days ago) with 808m still to TD. Mmmm.. 90m per day should be a breeze.
Transitions through this 808m probably haven't changed or got a bit tougher causing great caution, maybe even stoppages to reappraise conditions and act accordingly.
My little link to the "oil drum" (previous post) might be worth a read, right to the end, its not that tekonogical(sic)
NDO Price at posting:
3.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)