discussions???, page-21

What have we really got here

1. Logging results
2. Analysis of hydrocarbons
3. Additional drilling depth over the weekend


We know the analysis of hydrocarbon data is well underway
One would think logging test were commenced
Additional drilling over the weekend would have taken them well into TD

My thoughts

First the negative ones -

1. If it was a complete duster they would have announced - One would think going into a trading halt to discuss how to break bad news would be against the ASX disclosure rules

2. Continued problems with gas in the mud may need additional external support to case and continue drilling


Positive thoughts

1. Additional gas columns may have been found making this thing far more commercial than expected. Again external consultants may be need to protect to structure of the well for production

2. TD has been reached and no further shows discovered - Wire logs being compiled to give reserve assessment

3. As Johnno 8 said - The have hit a touch of oil and want to keep going - Discussing whether to log and quantifiy reserves, or announce further delay whil that amend TD and do further testing


Intersting times ahead


Persobnal request - Can we try and enjoy the next couple of days. Lets not end up with a feral personal attck thread that does not assist anyone

Remember this is an all or nothing stock which is nearing a major milestone - 1 a viable business or not

Good luck and stay calm