The operator, Senex Energy has advised that a mechanical failure...

The operator, Senex Energy has advised that a mechanical failure due to tool plugging has prevented a valid result from a Drill Stem Test in the Shocking 1 exploration well’s first primary target, the McKinlay formation.

The well will now resume drilling to the second oil target in the basal Birkhead formation, expected to be intersected late this week.

Tests on both the McKinlay and basal Birkhead formations will be run after the well reaches its planned total depth and wire line logs confirm the presence of moveable hydrocarbons.

Good honest reporting of the facts without holding anything back from shareholders. Well done, nothing to hide which stops people from speculating.