Ann: Debt Refinancing and Drilling Program Update, page-141

Perhaps the writing is on the wall re G#1 and G#2 no market update in a month. Based on previous history the company is very keen to provide production updates if they are positive - read into the current radio silence.

Still very sceptical the non binding party will want to pull the refi and lend further money to drill another well when neither of the first two wells are unlikely to repay themselves anytime soon ....

anyone notice the company were at pains to not state when the 90 day DD period started - sometime between 31st March and 11th May. If at the earlier end of this spectrum they have almost run the clock down ....

if the company continue to state averages in the next quarterly you know things have not improved ....