Been following this since IPO but very little news from the drilling
I'm guessing there are drilling issues, otherwise the news flow would be much higher on a new company that's share price has lost 25% from IPO
Looking back at announcements:
10th May - Drilling started
5th July - Vertical and build complete & lateral drilling imminent - expected to reach TD end of July
Those would suggest to me that they are either having issues with the lateral drilling or the casing of the lateral. both of these could be costly if those are the reasons.
Anyone got any guesses what the issues are?
Here's to hoping they get the wells drilled and into testing. Australia needs the gas
DYOR
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