News: 88E Red Emperor Resource Updates On Drilling Results Of Winx-1 Exploration Well, page-7

Laz, you're correct in your initial statement "Not good".

If they used the GB 3D to identify the target for Winx and from that 3D identified that at this location, 60% of the potential 400 mmbls was located. Something has clearly gone wrong.

This "old" 3D may as well go in the bin, if all it locates is water.

All rests on the Torok now.

I have reservations now about our 3D and how this Winx disappointment will indirectly affect the/any Farm-out.

This was my greatest concern, disappointment at Winx and no Farm-out announced.

If there is no Farm-out announcement before the trading halt lifts, I expect a blood bath.

Lucky I just picked up a carton, might not be the only one this weekend.

Cheers and beers team.