three fracture reserviors and three to go

Certainly the market buyers are not looking at todays announcement as to more.

Intersections of 3 fracture zones

1. High gas readings and/or hydrocarbon shows have been recorded during drilling over intervals from 3,070 to 3,252 mMDRT.
The maximum total gas level recorded was 37%*** over an interval from 3,070 to 3,092 mMDRT with gas compositional analysis indicating the likely presence of oil.
(*** =Total hydrocarbon gas measured as a percentage of the air/gas mixture extracted from the drilling fluid.
The main components of the hydrocarbon gas are also measured and an increase in the ratios of the heavier
gases (propane, butane, pentane – components of LPG) to methane (“natural gas”) is indicative of the
presence of oil).
NOTE - says there is OIL there. How much???? To be determined soon.

2. and 3 .... AND Oil shows on drilling cuttings have been
observed over the intervals from 3,420 to 3425 mMDRT and 3435 to 3443 mMDRT with associated elevated gas levels and gas compositional ratios indicative of oil.

4,5 and 6 fractures appear to come from another direction and may well be also of major interest by next weekend.

Testing - from Jacka management..."When considered along with the shows reported last week we anticipate that the well will be tested and we look forward to those results”.

So did the market miss the best part of todays 2 announcements.
Back to the waiting for a few more days.
Maybe they will report more interesting data info Wednesday now that the drill bit was pulled out of the well to test the blowout preventers. Maybe the pressure was getting a bit HIGH???