I would expect a notice from the company this week (could be Friday or Monday 2nd August at the latest) indicating the date of the spud and the expected timeframe.
As we are talking about 16,000' vertical and then app 4'500 horizontal section it may take a few months to reach the primary tuscaloosa pay, and then a few weeks for testing but i think they will pass through a shallower zone of pay on the way down.
I think by this time next week we will be (Australia) 0.08-0.10 cents per share but as this stock gets little attention it is hard to say when PYM value will be recognised.
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