Agree Jimmy good to finally have some progress. Being unfamiliar with the whole process I was expecting the reserves estimate to be independent of the drill results given that they were expecting to spud and have the certification at the same time (May).
However, I am encouraged by the statement "NSAI has advised that in order to achieve the best possible classification for the Y Zone ...". To me that reads NSAI have established that there are reasonable reserves there, but if the fraccing is successful then we are in for a fun ride.
IMHO DYOR
OEX Price at posting:
33.9¢ Sentiment: Buy Disclosure: Held
