Management failed to specify how it was possible to not reach the top of the main target. They drilled 10ft too short from the top, and the pay was 26ft deeper. They have given up on the main target. And are now targeting the muddy formation. Which isn't that promising if you read the prior reports. It was all about the main target.
The MD is on 360k per year salary. And these are the results he is generating for shareholders. A low risk well that failed by all accounts. They really need to ask how the missed the pay, as they seemed so sure of themselves.
Ann: Well Completion Update, page-71
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