Have to say today sp market reaction has noting to do with the positivity or the announcement, and is not representative of where the sp should be.
Yes some small issue with the mud that have been addressed and we are just at the begin of 1000m drill throughout U/L Angwa
which is the main target, potentially drilling deeper.
No much to read from today news if not that all is proceeding well, and we are entering exiting phase.
If wasn't for the shamble of CR done in 3 stages at very cheep price, we all the Ozzy exiting for 20/30% profit IVZ sp could be easily above 20/25c.
This announcement imo, was more to say that they had encountered some minor issue (hence the delay) and to inform the market that all is ok now, rather than give some date and info on the chances to find oil/gas.....you can read and extrapolate what you which out of it, thing is we knew PA had residual hydro already and they are just now starting drilling in to Upper Angwa.
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