Sekret, you are absolutely correct. Hence why certain...

Sekret,
you are absolutely correct. Hence why certain knowledgeable posters (Melua et al) are starting to make their purchases. Fundamentally this is going to make some money...do not follow the emotional herd. Read the announcements by both the operator (that tend to be generally conservative and VIL). Understand their recent acreage acquisitions and their encouraging results. Once they release the choke size and hopefully the pressure rises or stays the same, we will start to get a better indication of this well.

If this proves commercial, the JV will then begin to delineate the resource structure and re-evaluate their resource estimates significantly.

Happy investing mate.