RaviMy knowledge is limited so cant verify your understanding of...

Ravi
My knowledge is limited so cant verify your understanding of how your reading this as a fact.

But I have a feeling your pretty close and is similar to the way i understood it.
ITs funny but after reading the ann I was really pleasantly surprised and i felt it was a great announcement.
I thought the positive news on Owen 3 far outweighed the negative news on the other 2 wells, infact i didnt even read it as that negative just a few operational problems that can be easily overcome early next year.

So after feeling quite good about it, i then checked out the PFC share price and to my surprise i couldnt beleive how it was being sold off so aggressively. I was actually expecting to see a small gain in SP if anything.

Just shows you how we all read these things differently.
But anyway as a few here have suggested, maybe a good opportunity to top up on Monday.

LWR