second well encounters multiple pay zones

What are peoples thoughts?? read well. Did the market think they didn't need to do fracking and would flow without stimulation?? is that why got sold back down??

Managing Director Paul Atherley Commented:
“This is about the best outcome we could have hoped for with the first two wells encountering
over 135 metres of cumulative pay intervals within the targeted formations. The exploration
programme to date has exceeded our initial expectations and as a result we now have multiple
zones within these intervals to test for commercial gas flows.”
“We continue to see significant potential in the Zijinshan Project, which underpins the expanded
exploration and appraisal programme for 2013.”
“With a healthy cash balance and an excellent technical team with a growing track record in the
region, we are well placed to unlock value from this emerging opportunity, located in the heart
of China, one of the fastest growing markets for gas in the world.”