Ann: ZJS7 Well Drilling Completed , page-6

News always seems to be due... I think the current price factors in a water well.

PA indicated that they are not doing parallel drilling, signalling that they are conserving cash in light of the water well ZJS6 and what they may suspect is a water well in ZJS7 so want to have all info before choosing ZJS8 site. And looking for gas cquisitions in China is another way of saying the current turf is no good.

Still undervalued at 16c though, I reckon 20c minimum based on cash backing, current drill results and the Mt Leyshon potential