The maiden reserves statement from Sprole can't be too far away the hold up could be on the ASX side at a guess as it's a real company making milestone so they might be triple checking it.
The market will decide where this goes hard to say. There is the precedence as per the below on Pure Energy proving up about 1tcf of gas and selling that for over AUD$1b way back in 2009.
Thus far about 30 KKO wells all hitting gas apparently. Pure Energy drilled about 40 wells to prove up 1tcf but different projects on different continents. KKO has a large land area so I think the reserves area will be only part of the 4.9tcf contingent resource area.
KKO Price at posting:
11.0¢ Sentiment: None Disclosure: Held
