According to the announcement they are expecting a 10-12 day delay because of a mechanical issue with the rig. On a positive note they are doing an airbourne gravity/magnetics survey. IMO if the results are positive this will be good but if it isn't it will be a costly exercise as knowing Aviation companies their services don't come cheap. It is very much a speculative buy IMO as the announcement that this is a true "Frontier Area" with little data.
OEX Price at posting:
6.9¢ Sentiment: LT Buy Disclosure: Held