Ann: Chairman's Address to Shareholders, page-2

This was a good, straight to the point update! Good to hear they have come up with a new plan to get around the 0.5 TLS threshold and working in parallel with the regulators to propose an increase to the threshold provided it is proven safe to do so.

 

Also great to hear how impressed they are with how the shale is responding to the fractures and indicating a productive shale! 

 

My read of the announcement is that they will flow test Well 1 first (previously it was for both wells to be flow testing in 2019)

 

I know this will pull our timeline a bit further out but I’m happy to hold in a diversified portfolio.