Fairly comprehensive "update" that Chill on absence of any news. I predicted the SP would settle at
9-9.5p some time back prior to an "anticipated" update sometime late last week or early this week. You
are correct in stating that no update is required until something material is at hand. I am surprised that
the SP still remains around that mark in light of no subsequent update even though they are under no
material obligation to announce.
I am still hopeful of an update sometime this week. The fact that the SP seems to have stabilised
without further news re-enforces my view that 77H remains a "tight ship". We may in fact go straight
to a production test as you say with the next update announcing the results, rather than one stating
that clean up has been completed.
Monday of next week would be 3 weeks since clean-up resumed. I reasonably conclude that should
be sufficient time to complete flow back of the remaining 30-40% of fluids after the work-overs were
completed and the well was back to "normal". No ann by early next week & I would be starting to
assume {rightly or wrongly} that something is not quite right.
Other than that, at this stage, one can reasonably conclude that nothing has materially altered
from the previous up-beat assessments.
GLTAH
OEX Price at posting:
16.7¢ Sentiment: Hold Disclosure: Held
