Ann: Jaws Pilot Update, page-35

Rolla, on the morning of the Quarterly it opened at 7.5. It is now 6.8. That is 9%

The company said this "The issue was intermittent throughout the month with regular signs of improvement and it was hoped the well may clean itself up with oscillations of the downhole pumps. "

So, a big gas kick happened. It destabilised the downhole situation. They didnt think it was major and only required some pumping to clear it up...(they said the issue is intermittent and was at times improving).

It turns out it hasn't improved enough. So they have decided to clean it up properly.

nothing less, nothing more.

I acknowledge the R&D issue pending, and the cost of the work-over. If it were my guess I would say they will get us 3-5 months further on with the cash they have, and by then we may well have a meaningful gas flow.

Then you will be asking if you can participate in a CR when it happens !