Great result but totally expected, which IMO explains the muted...

Great result but totally expected, which IMO explains the muted market response.

After the final well results announcement on 12 September I posted my final resource estimate which was:

Kingia: 967 bcf vs actual 1004 bcf
HC: 128 bcf vs actual 181 bcf (I actually posted '100-200 bcf' due the greater uncertainty so I'll claim that!)
Total: 1095 bcf vs actual 1185 bcf.

If I was able to get within 4% of Igessi's Kingia value (and 9% overall) with a back of envelope calculation pre-flow test, then you can bet the big boys who dominate the price action were able to work it out at least roughly too. There might be a few retail investors who fell for the ramping of some posters here talking up 2-3 tcf and are now selling out but the bulk of the market expected this.