Putting it in perspective, SH#1 was the western extremety of the 8 planned drill holes (4 state & 4 fed). Not a great result but no real disaster in the grand plan.
Of the other planned wells, one of the fed holes is to the NE and the remaining 6 wells (3 state & 3 fed) are a considerable distance (most are even further away from SH#1 than the next well, SH#2 is) to the SE.
A good buying opportunity for those who still believe the story remembering that management have 19 historical drill results to support their scoping target.
TRH Price at posting:
98.0¢ Sentiment: Buy Disclosure: Held