John and Richard in town
John leaves tomorrow for the states
Those that rely on telephone information or ringing the company receptionist - well she is about 20, services other companies in the building and doubt she would understand any mining or exploration terminolgy
Testing is behind schedule - currently testing Barker Creek
Other zones have been tested - test upwards from bottom to top
Pinkerton could quite possibly become Cane - harder to extract gas from Cane
Cashflow is the goal - Delta are currently commercial at 2mcf - they are hoping for 5Plus
2 million required to connect to pipeline
Was Leadville when tested - liquid - maybe not - heading to well 2 to determine further results
A reserve is built from multiple drill holes however calculations can be done based upon one well (if you get 20 - 50 BCF) then obviously excellent
Announcement will be before weekend if good !!
Do not have to announce if nothing significant found - this means no gas no announcement - can't understand that one
Did they leave me with level of confidence - 50/50 - will sit on fence - long term yes
Uarnium - geologist to be appointed - record date toward end of June early July - potentially after expiry of options
Are the options underwritten - not at this stage but number of brokers want to do that
the update
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