Ann: Operations Update, page-55

I hold and am bullish about the prospects here...but, looking at the market reaction, I'd say it's a negative update. The market is expecting positive updates.
I smell a leak causing last week's sell-off.
The sp doesn't drop 30% on good news.
The market determines price, and is usually right.
Just try and sell your shares at $0.068 this morning!

Patience is required, and that is something the market generally DOESNT have in spades.

Tick....One week since last operations update.

Tick....Still pleased to provide an update

Tick....13% of stimulation fluid recovered

Tick....8% stimulation fluid volume was recovered until it was recognised that the upper and lower zones were in communication/connected.

Tick.... As expected the flow rate returned to 100% stimulation fluid once the two zones were flowed back together.

Tick....Trace hydrocarbons were encountered on flow back the upper Zone.

Tick....Estimate of 30% of stimulate fluids need to be released before Hydrocarbons will be released from reservoir.

Tick....Forward plan is to monitor the pressure flow rate. And continue to draw stimulation fluids of the reservoir.

Tick...(IF) the pressure.....YES... (IF) the pressure becomes to low.. we might need to cause a shut in to increase pressure....IF....

We all new we wouldn't be getting an answer this week or next week ..And again Dave is playing this with a straight Bat...Where does it say anywhere in this Anns that we have problems..

Zetland1