announcement coming, page-11

Thanks 5hareholder, just wanted to confirm though - isn't point number 2 also $1.92mill, ie not $3.7mill?

In point 2 on their announcement they note "Grand Gulf will be liable for its share of up to approximately US$3.7 million (approx US$1.92m)"

I used US$3.7 because it is always better to expect the worst and hope for the best. Furthermore, I think the market has reacted as if the worst case scenario is going to happen. In reality, it is highly likely that this relief well will be successful. It just takes time.

The market has paniced at this news but the reality is, its the best sort of announcement we could hope for. Everything is now crystal clear about where we stand.

# Relief well is already drilling at 1000ft (a good sign)

# This could cost the company up to $4M

# SPP will be revised