thurs 11th, page-29

Just to clarify a couple of points:

My understanding is the same as pigsy's eloquent post yesterday - as pointed out by callent.

(* See ahpigsy's Post #: 8639365 *)

If we need the funds from the sale of existing shares then it is too late. T3 is just that Trade plus 3 days - so funds traded today will not clear until next Tuesday, 16 Oct.

As the cut off point is 5pm Friday 12 so T3 will only work if there is an extension of the SPP. If this happens then the extension would probably be more than a week.

Perhaps the problems being experienced by our Kiwi friends may be an excuse for an extension but I doubt it.

As far as waiting for news of the drill I think we have most of the information anyway. It is running like the H2 drill, without the well collapse and cyclones, so whatever was found in H2 we can probably assume is at H3.

Like many posters have said the testing will take time but the indication is that HCs are present but it all depends on quantity, quality and reservoir dynamics.

#:>))