Hi Michael123 in answer to your question..."As potential...

Hi Michael123 in answer to your question...

"As potential hydrocarbons reservoirs are reached, the company may provide some information on the thickness of the reservoir and the net pay. The results of any test may in some cases cover several zones, with only combined results provided, which will make it difficult for the market to be certain whether all the zones are commercial. Stronger flow rates are obviously more commercially significant. Flow rates may also decline over time so that short testing periods, where the flow rates doesnt have sufficient time to stabilise, may be misleading.

It is important that the flow rates and pressures are maintained during testing to indicate that there is a good driving force behind the reservoir for future production..."

Source: The Mining Valuation Handbook, Dr Victor Rudenno

In short and without us jumping ahead of ourselves on this still spec play...it is the flow rates after prolonged testing that determine the commercialality of the prospect and in turn will be the big ticket announcement.

Given the various gas kicks and increase in mud weights Im feeling pretty confident about the potential flow rates...its whats down there thats still the punt...I just hope its not 1,500 bopd of water!

Meanwhile IMHO we should sit back and hopefully enjoy a steady rise in share price over January as preliminary flow test results are released before the big one.

All fingers and toes crossed!!

DYOR

Cheers,

Arkie