I think an indication will come faster than we think.
Although there are potentially two zones that may be tested, McGrath and Doyle are surely not going to wait for a final analysis. Likely the company will go into a trading halt.
The Possum may need to find another territory if the test is good. At least Slampoil had the good grace to doff his hat at the willingness of OBL to have a go.
These OBL guys seem a cut above and cleverer than the usual corporate operatives. They do communicate honestly with good information. If they bring this one in, we all need to take what they do very, very seriously.
Backreef-1 may be indeed only be proved now in May 2012 but it was drilled in Oct 2010 - before Ungani-1 - and so their foresight should be applauded. Some big 'ifs' but some good probabilities also.
I suspect there is only a small window to trade before we are told.
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