It is too early to be disappointed on this yet. It is one zone on one well.I would assume a lot of the early drilling will be used for scientific,as much as , discovery purposes. The very good news is it flows. The next well and those coming after will be the key. If Lrl pulls the pin and decides to continue with the $20m program you know it is commercial.PA is the biggest shareholder and he will not risk hard earned cash on a chase.
The AGM is this Friday so plenty of opportunity to dissect this initial result. Selling in Aust before the Brits have spoken is fraught with economic danger also.
It is too early to be disappointed on this yet. It is one zone...
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