A positive but measured announcement imo.
The UK market was whipped into a frenzy for a number of reasons, including good media coverage, an enthusiastic announcement and MD interview. Speculators expected too much imo.
Whilst I agree that the UK has the lead on LRL now, I think they will keep an eye on the ASX to maintain a sense of rationale.
Oscar
second well encounters multiple pay zones, page-6
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