SOM, i think the company are just being sensibly conservative until they can back something up with numbers.
But the bottom line, as you have alluded too, is that you can currently by this stock for the same price you could pre announcement of a find in the Milne etc. which pre drill was 4x the potential of the caley. They have confirmed at least 2 sections are hydrocarbon bearing (if not all 4). They only question is how much.
But on the basis of this alone, if I wasn’t all in before the announcement I would be now.
DYOR ppl.
SP Trend, page-14
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