I think we should see an update on flow for 430 on Friday, lets hope. Im thinking maybe in the vacinity of 150 bpd from the interval 1129.5m - 1132.5m, anything above this would be a bonus IMO. I think then they may track back to the basement and retest using 'light' fracturing methods this time. Then progress back to 1211m - 1213m and 'heavy' fracture this interval which should give even better flow. In 2-3 weeks when testing is complete we will no doubt get a plan for production. Lets hope it is 300+ bpd x 15+ wells. ( I'll take a stab at a reserve size of 40 million b.o.) Mind you I'm only guessing. Time will tell. I think many investors are at ease now with the approval in for 330 and hopefully this will reflect in a more stable share price, but it is awful out there in ASX land. All the best RD
ERH Price at posting:
23.9¢ Sentiment: Buy Disclosure: Held