No doubt it has been a disapointing performance since the rig at Guchab was moved to pad 2. Management have been let down by the drill crew on Guchab however a contingency for such an occurence should have been put into place quicker. In their defence they cant just pop down to the local Bunnings for a new rig and a crew.
Once Guchab is being drilled in ernest and they start to target the IP anomaly at Kaskara then it will fire up again. Q1 2013 should be interesting.
In the mean time we await the results of the 100m or so hole off pad 4 that was mineralised. It may surprise the market like hole 1 off pad 1.
SBR Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
