“As a result we have gone from, having identified that target of 13,000 feet to about 16,000 feet and that target is far more impressive than our original target and is the kind of a target that would attract world attention,” Sully explained.
Sully's above comment (almost a month ago) suggests that analysis of the 3D had been completed to a point where they have enough data processed to offer the above opinion.
With the upcomming AGM in 3 weeks time I would think that part of the meeting will be devoted to a presentation regarding the 3D sceismic data.
What I'm wondering is, if CGX is going to discuss 3D data at the AGM will they have a NR prior to the AGM, or wait untill the AGM.
Either way releasing results that suggest "attracting world attention" would require a trading halt IMO.
I guess watching the way the stock trades is our best indication as to when things are about to happen.
I agree with MF and expect a trading halt within the next 3 weeks.
Hope everybody's having a good weekend.......Zibo.