announcement.. what the ?

Still not fully informed the market after two attempts ???

Too much technical terms used would confuse investors, and wiped out $20m market cap.

It sounds like our Holyman needs to send his reservoir engineers and geologists some writing courses.. How to write an effective price sensitive announcement using layman's terms without spooking the market...:))

A few simple paragraphs like this for progress report would do the job:

"We have now completed all flow tests with appropriate data collected for future modelling of the Ripley Road formation. The stabilized flow rate for the Ripley formation was announced by the company previously (can repeat the tested results if refer), etc ".

"We are moving up to test another 5 pay zones in the Gatton formation, and it may take up to 12 weeks to complete the testing program. Management will progressively inform the market after the completion of each major zone".

Thats all the market wish to hear.. everything are ok and good.. No need for bullsh*ting about the pressure buildup, etc..

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