I was reading through that Research Note from Patersons on the 5th March 2014 "Funding Secured - focused on drilling cambay" to get my head around their expectations and time frames and they are expecting flow rates by mid 2014. Admittedly there has been some delays in the clean up and production testing but IMO everything is till on track. September is only 3 weeks away and that would be still classified as the mid point of 2014. Announcement's could happen now or anytime within the next 7 weeks which is not so long after the many years some have been waiting.
Also of note Paterson's are only expecting between 2 - 3 mmcf/d plus condenstate which is much lower than what some on here have suggested it could flow at. Do some think Patterson's have got it wrong and presence of light crude oil now change the dynamics of what OEX is about to commercially reveal?
OEX Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held