"The fracing program is expected to be completed before the end of May 2009 and results by mid-June 2009."

I would have thought they would have said "preliminary results", since the plan seems to be long term flow testing over several months.

In any case, the other play I'm keeping an eye on strickly out of interest is the Warro gas field. They recently fraced Western Australias first tight gas well. On May 4th they announced that testing had started, and requested a trading halt for 2 days. No word from them since.

May 4 2009

TRANSERV REQUEST FOR TRADING HALT

The Directors of Transerv request that the company’s securities are immediately placed in a voluntary trading halt for the next 2 days. The company requests this trading halt pending an announcement on initial results from the gas flow testing program on the Warro 3 well.