Page 9 of investor presentation:
Preliminary results 1H 2016.
More detailed results later in 2016.
Should know by end of drill whether oil of any note has been detected. If yes share price will spike and then come off settling probably about double to triple pre spud until we know whether it is commercial or not.
If a no show will be a sell off and BOD will have to decide whether to have another shot. Given the availability of funds they must be more confident than not its there somewhere and may have already planned for a flop.
I can almost guarantee there will be no millions of $ for a while yet, in fact could be years.
ALL IMO etc.
Page 9 of investor presentation: Preliminary results 1H 2016....
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