Just to Refresh peoples v.short memories... From Todays announcement.
"...“Condon-1 will still be drilled, however this will now not take place until the second half of 2014,” he said. “Instead the company will invest approximately $13 million in first quarter 2014 into the drilling of two wells in the Eagle Ford shale...."
"...Our contract with Enerdrill to drill one confirmed well and up to two optional wells in 2014 remains in place,” Mr Thick said. “Enerdrill is planning to have up to three suitable rigs available in the latter half of 2014, so we expect to have a degree of flexibility in bringing on the rescheduled Condon-1 well...."
NSE Price at posting:
11.5¢ Sentiment: ST Buy Disclosure: Held
