Nothing sinister as far as I can see. This is an exploration drill and as such has every chance of being a duster. The 69% chance of success on the High Cliffs section is extraordinarily high but still far from a guaranteed success. I’m in FAR, which recently drilled a prospect with a 55% COS based on ‘nearology’ and seismic ... and came up dry.
Still absolutely calm about Strike. Jaws grinds away - pun intended - but looks to be jumping its technical hurdles as the arise, and WE is highly prospective but in the lap of the petroleum gods. Sounds about par for the course for a speccie prospector.
In my mind we are in a much stronger position now than we were six months ago (12?) when the SP was double today’s.
OOO
Ann: Clarification - ASX Announcement 14 January 2019, page-3
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