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Posted by Spudulika on LSE this morning in London.

Just spoke to RM on the phone I'm impressed as I wasn't expecting anything today. Absolutely nothing has changed with regard to his belief in the well. Updates are being issued on milestones - the next being the flow test. Mother Nature is driving this and there is still a lot of water flowing back. In the USA this process can take weeks and weeks. He was only expecting a couple of weeks water after frac but obviously circumstances have dictated that its gong to take a while longer. The downhole reservoir pressure has remained consistent and the well itself has great performance. There are huge amounts of gas and oil in the Gujarat state. This is horizontal frac well 001 - the first in Gujurat. They are going to get it right to make sure they can move forward with the next drills. He certainly made me feel as though I should have a longer term view on this, even with the 50% recent drop