I agree. Management really need to post the sort of defence that...

I agree.

Management really need to post the sort of defence that Marxist has been doing of their behalf - i.e. talking about what the fracs are for and emphasising that these are not full fracs. Management should also explain what's a good result might be at each stage, what we might expect in terms of following up fraccing, whether there is much money left in the kitty to go back and frac the wells more thoroughly, so as to ascertain optimal rates.

Its great to have analysts reports saying what would be good flow rates given different pricing and recoverability assumptions, but this has to be buttressed by communication from management itself before the market (i.e. those who don't hold already) will give these reports much credibility.

At the moment management seem content to let the testing run its course and report the results without properly informing and shaping the expectations of investors. Inevitably, in this situation, you get people panicking and becoming susceptible to unsustantiated downramping (not talking about your here Dazt, just to pre-empt a potential tangle).

Of course, in the end, it comes down to final flow rates. But if they need to raise a bit more capital to finish off the wells properly, its better to be doing so with the share price sitting a 6 cents rather than 2 cents.

Really think management need to pull their fingers out. The whole Burton affair (i.e. not getting ahead of the issue and just letting the shareprice get hammered, and from which it still has not recovered) speaks of a very lackadaisical attitude IMO.