Ann: Block 9 Alameda 2 Increase in Net Pay, page-340

I too am perplexed by the market's reaction, even though initial reaction was positive opening at 11.5 cents.

In hindsight i assume the market wants confirmation of flow test results, but my feeling is by then the market will have risen - or its possible there will be a TH ahead of the flow test result for Unit 3 (early in the week).
I'm blown away by this comment:
"Using the logs to pick fractures then incorporating these into the Unit 1B calculations potentially increases Net Pay to 538 metres, or to about 47% of the encountered gross interval of 1,131 metres."

If there's oil in Unit 1B you can't tell me it won't be flowing through fractures - which generally should have at least similar permeability to vuggy porous limestone!

Yes TA might be suggesting trading games could push the share price lower or sideways, BUT if there's any factual information about oil flows in the Units then you can ignore your TA analysis as a result IMO.