macq and cba buying up big, page-6

On the release 6/2/08 they stated Seahorse was first, followed by Wardie. If Seahorse starting 24 April or are they changgin the order of drilling?

The speculative value in the short term would largely be on whether Wardie has oil. Seahorse has oil but has only briefly been tested so the water production profile, sustained flow rates etc have not been tested.

I would think they planned seahorse first to get runs on the board with Seahorse so the SP will not be hit so hard if Wardie is a duster, given that if Seahorse is deemed commercial then they will need to raise a serious amount of capital to get it on line by the stated 2010, and I would think a fair chunk of that would need to be by equity issue..