Boring... I do notice that the announcement this time says explicitly
"regarding the results from the gas flow testing program on the Warro 3 well"
So any talk that this is about cap raising, the Warro project's viability, JV partners or whatever are now off the table.
This is about the gas testing on Zones 7 & 8 - Nothing more or less it would seem. In my view this means that the announcement has very low downside (nothing in zones 7 or 8 isn't a dealbreaker) but very high upside (huge gas from these zones could mean big things.
I'm not selling either way
TSV Price at posting:
2.5¢ Sentiment: Hold Disclosure: Held
