Strange announcement really. The well collapsed but gas was desorpting from the cores. I can understand why they didn't go into more details regard the presence of gas (i.e. there is no more information to give), but would have been nice to know exactly why the hole collapsed so we can make some guess of whether this is a one off problem or a problem that might be endemic to the whole coal seam. In all, no reason to be positive or negative given the info they provided. One or two got spooked, but given AGL is the operator and gas is at least present, I will continue to hold.
INP Price at posting:
15.0¢ Sentiment: None Disclosure: Held
