Ann: SGC: Dempsey Well Testing Update, page-41

The only bad news re the Dempsey well is if they announce a P&A. IMO we are a long way from this happening.

We are in the appraisal phase and all sorts of things will be happening, both with the well, and with boardroom politics.

There are multiple zones to test in the well and the upper zones are already known to be commercial. Unless they get something stuck in the hole that would require a P&A (very very unlikely) then I frankly can't see what anyone would be worried about.

As stated, a problem I see is minnows playing in the big boys pond, which without a good balance sheet and cash will always be a problem for these 'one trick' micro-cap public companies.

It looks like panic has set in across the JV partners, which unless there was some miss-information provided yesterday (i don't believe there was) then let out the nervy holders and let the rest hold on and see what happens through to completion of the appraisal phase.

all imo