IMO there is a high probability that Apache's drill decision in...

IMO there is a high probability that Apache's drill decision in respect to the WA-359 permit will be made before the end of April. I also suspect that there is a good chance that Apache will elect to drill the permit.

The Zeebries 3D survey was completed by early May 2011 so Apache has had 11 months or more to process and interpret it. I suspect if there were no worthwhile targets uncovered they would have established that a while ago and made their decision not to drill. So IMO the fact that this has gone on as long as it has, means it is more likely they have been assessing the targets that have been established. I acknowledge it's all guesswork (except the bit about April which is based on deduction)and assumtions on my part but not too unreasonable.

ANZ