time frame, page-3

InvisbleKid, there was an update on the 10th Feb since the announcement you're referring to -

http://imagesignal.comsec.com.au/asxdata/20110210/pdf/01149825.pdf

in which they stated that...

"... We look forward to the production testing results over the next few weeks to provide further evidence of Steindorf's potential..."

So any time between now and mid-March? Going by HC's analysis of their wordings, it should be within the next 7 days. It is anyone's guess really - wells clean up at different rates depending on the fraccing technique and reservoir characteristics. Very hard to predict accurately. Bought some more yesterday as I am expecting good result to be announced some time soon, but I could be wrong on both counts - result could be bad and the result could be ages away. Or I could be right on both counts - we get commercial rate announcement in the next few days. Or I could be right on one of them. Who knows....

Good to see BHP's purchase into shale gas. BHP has had a good track record of purchasing asset at or near the bottom of the commodity price cycle more often than not.

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