as my previous advice last week - cheaper rig the way ahead and YES backreef to be PRODUCTION tested in Q4 2011!!
obl to be re-rated significantly over the next few months imho.
as per quarterly:
"Nonetheless, subject to suitable rig availability
and test equipment availability and
stakeholder consents, the Company considers
it feasible to now immediately plan for a
cased well production test of Backreef-1
during the late December 2011 Quarter.
The Company will make a detailed
announcement at an appropriate time
during the September 2011 Quarter".
quarterly fanastic!!!
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