"The weather condition for the year 2010 includes the total volume of water of the flood is now 8,700 gigalitres, approximately downstream of Innamincka. The water level is 90% of the year 1990?s flood and is the third largest flood since the Moomba Gas Plant was established.
"In various parts of South Australia and Northern south-west Queensland the water level is receding. Due to the weather delay Drillsearch and Joint Ventures have been granted six month suspension-extension leverage on some of the permits. Also, drilling rigs have been delayed and in effect drilling will commence in about mid-July and seismic acquisition will commence in the fourth quarter of the year 2010."
DLS Price at posting:
67.0¢ Sentiment: Hold Disclosure: Held
