Just trying to make a bit of sense out of this announcement.
The first announcement discussing the DST stated that they had oil shows in the Murta and would be stopping to conduct the DST.
Todays announcement states that they have completed the DST (with no significant oil found) but that the test was conducted in the Cadnaowie formation, which was not even a target. They are currently drilling through the Murta towards the Namur formation (these being the two target formations), and the Hydrocarbon shows in the Murta will be tested later (presumably as part of DST-2.
Did they stuff up the first DST and do it too early or am I misunderstanding the announcements?
Cheers
Badfish
STU Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
