Why no announcement for the flow rates on wells 1 and 2? Are the results worse than expected?
The company knew that it still had wells 3 to 10 to drill, when it first announced that the flow rates would be released in mid to late April.
This is a summary of relevant extracts from the announcements. (Source ASX)).
21-03-06 - Well 1
"... production phase expected to commence mid to late April".
22-03-06 - Well 2
"... production phase expected to commence late April. PRODUCTION FLOW WILL BE ANNOUNCED AT THAT TIME".(capitalization added by examiner)
13-04-06 - Wells 1 & 2
Now changed to:
"... expected to commence production early May".
24-04-06 - Well 3
"... line is being laid for the production phase expected to commence late May. Production flow will be announced at that time"
4th, 8th, 11th, 12th, 15th and 17th May, 2006 - Wells 4,5,6,7,8,9 and 10
"... production phase expected to commence late May
Why no announcement for the flow rates on wells 1 and 2? Are the...
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