market cap under $150 mill !! ???, page-71

rayz old chap,

no issue with what you say. you will note however that an asx release (a double actually) on 3jan12 reported a final lateral length of 230m which for horizontals pseudo or otherwise is rather short. the cuttings and shows in the mud flows from the drilling activity while encouraging and supporting the positive assessment made, nevertheless do not constitute a flow test of the vertical section of the well. this was not tested in 2010 when the core was cut, and was plugged back in 2011 to enable the sidetrack. the flow test reported was after the well was completed with the 230m lateral. and as i posted, came in remarkably close to the previous estimate as to what might be expected from a vertical hole.
trust this helpful.