After rereading the latest report, there is much more information than first glances show.
When they talk about commissioning the new IRR, they say: "is to include an assessment of all the reserve resource potential on the Company’s leases" By this I assume it will also include 3P and the other productive horizons.
Also their map shows "new drill permits" for quite a few wells, which I don't think has been shown before.
Don't forget the first mention of 8 or 10mmcf/d. I think one of the gurus L2 or DT mentioned this in a previous post, but its the first time mentioned by the company as far as I'm aware.
They mention shut-in periods, so I don't think the June Quarterly will be much better than the last one. This announcement was to basically say the ASD wells have been tied in, so there are many more announcements to come...stable flow rates, completion of the last CC well etc. It would appear each will have its own release rather than 1 big update.
MAE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
