your post mate ..... "I'll leave it to the resident experts to fully interpret the minutiae of the announcement. But it is a big call by JH to talk in terms of a "new oil province". Such a big call,in fact, that I cannot see him making it unless he was 100% certain he was correct as the implications if he is wrong are that he would destroy any credibility with the market.
As to the purpose of the CR - it is pretty clear from the ann.what he intends to do and why he needs the $$$ now.
What we need now is the results of flow testing.
All I can say for now is I'd rather be in than out at this time."
IMPLIED IS THAT THE DIRECTORS ENDORSE THIS ANNOUNCEMENT !!!
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