Ann: Quarterly Cashflow Report, page-3

I get the impression that the drill bit has not yet actually bit the dust …
"Drilling Program commenced …" end of last quarter and now drill rig safely on site but not surprised if still setting -up ?!

No actual statement from the MEI unambiguously stating clearly drilling (who is the contactor selected size rig etc all the basics …) HAS commenced and what depth has been achieved or what rate drilling is progressing at …
For some reason SP regressing … after an initial interest shown ???