I agree Drumo. The inclusion of those words "it is material" is...

I agree Drumo. The inclusion of those words "it is material" is very significant.
The last TH back in June 2013, the second page came out 38 minutes later than the ASX ann, so, nothing "sinister" there.
That TH was the oil flow from Atzam4 and certainly did not follow any "leak" as for the 5 days prior to the ann, only 3.4 million were traded and then when the TH was lifted, the volume soared to 122 millin and the S.P. went from .010 and hit .029 intra day.
There were no such words as "material" in that ann!!

And this is what caused that
3 June 2013
ASX Announcement
Significant Initial Oil Production Establishes Commercial Well
? Initial 7 foot section (2846-2853ft) perforated in the Upper C17 carbonates has produced significant oil and gas to surface immediately post perforation
? Flow rate of 610 bbl oil per day equivalent established over 24 hour period – average of hourly flow rates using varying choke sizes with a recorded peak of +1,000 bbl per day
? No acid wash or reservoir stimulation used- flow rate generated by natural reservoir pressure
? Oil cut of 99% from producing zone, with strong gas flare (shown below)
? Good quality 29° API oil, with calculated natural reservoir pressure of 1300 psi
? 13ft zone in Upper C17 with better log interpretation (than current +600 bopd producing section in same reservoir unit) was not perforated due to the high pressure oil and gas production from perforated zone- will be perforated in future well production operations
? C13 and C14 carbonates remain untested above this C17 section, and are the main producing zones in the nearby Rubelsanto Field- produced over 30 mmbbl to date from 8 wells, 17km from Atzam Field
? Production is being stored in onsite tanks – commercial sales of production to commence
? Results confirm the commercial viability of the Atzam Oil Field
? Current Probable Reserve estimate of 2.3m barrels of oil in Atzam #4 well alone, to be revised on results.

GLTA