Don't think today's announcement was positive at all.
Though not being negative, the dewatering could take more than 12 months.
The water is an issue atm and the larger pump is still not getting to higher gas readings. However "if" that water is cleared out and the gas flows strong, then the SP will take off.
It's a gamble and waiting game atm.
Totally different structure to the Surat Basin.
DYOR
Ann: Glenaras Gas Project - Production Update, page-6
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