Grinning from ear to ear like a cheshire cat. Market is muted...

Grinning from ear to ear like a cheshire cat.

Market is muted because of the clear delay its taken to test the next zone up and lack of flow rate information. the delay not being explained in the RNS.

However.

Its clear now the Dempsey is going to be a commercial discovery and a big one. We have excellent quality dry gas, at over 6000psi and they will release the flowrate data once they have more time data against the well likely in the next couple of days. Its irresponsible to release flowrate information to market which hasnt been run enough for any drop off.

This statement says it all

“This test, coming on the heels of the initial zone gas flows, confirms that Dempsey is indeed a very significant gas discovery in the Northern Sacramento Basin"

And on top we have all the zones above to test.