Ann: Project Icewine Operations Update, page-160

Just my 2c on today's action.

The share price on Friday saw a close of 4.3c, this was based on the expectation of good news.

Today's announcement saw the price drop to a close of 3.5c. Though I think it closed up in the auction, could be wrong though.

I've read the announcement a couple of times and to me it reads very postive. The shut-in has worked, pressure had built and is driving out frac juice, trace hydrocarbons seen, pressure kick recorded.

I expect today is simply a sell on news regardless and once the LSE has a shake out the price will be back at 4.3c or higher in no time.

I think we can forget about retrieving the 30% of frac juice back, it's gone, the oil is coming. As has been previously mentioned what else at 11000ft can increase pressure?

To all the "Jon Snows" here calling this a duster, "you know nothing".

Cheers