1/ Waiting on flow tests, as results to date not unexpected 2/Have not been advised - previous plan was for this rig to go to Perth Basin, but wet season virtually over now, so who knows at this stage. Could stay in Canning, but not necessarily to SB. Some reports suggest further Canning work(other than SB) to be delayed, but nothing official. Depending on re-entry method, may or may not need this rig at SB. 3/Given they expect terms to be settled by around now, then merger could proceed ahead of SB results, but there may well be a mechanism in the deal top adjsut terms dependent upon well results
ARQ Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
