Ann: Drilling Update, page-311

JP states There is still the POTENTIAL for success at hole 2.

The item is pretty clear that they hadn't intersected the horizon they expected to AT THAT TIME but they were still drilling ahead and until they hit basement and confirm no brines exist within this grabben structure then all bets were still on.

So He is also of the opinion that the market has overdone the sell off with what they potentially have at Candelas.

This also clearly intimates that they think grabben structure is fairly isolated in nature (?) but they still need to drill it to see if any potential brine hydrothermal feeders or even permeating ignimbrites have been able to accumulate or flow thru this grabben structure.

Its about sorting all aspects of this paleochannel so as to model what's going on. This they need to do to be able to show how these strata might feed any production wells for potential PFS numbers.

Perhaps U need to ask the question of the Asx Urself JP re the sp plunge !!!

Gr