The drilling I'm interested in is Walanga 3. They said they would complete 4 wells before the end of December 2013 and todate they have completed only Walanga 2.
Walanga 3 was spud mid November so should be completed by now.
Why no announcement giving an update? well dry? found more gas than expected? found oil which they didn't expect? who knows? but a least we know that management's New Year's resolution has not changed from previous years, and that is to keep the small shareholders in the dark with progress.
EWC Price at posting:
35.7¢ Sentiment: ST Buy Disclosure: Held