Yes it is a sit and wait, but if they prove the UC1 and suspend a producer there with decent flow rates, then whilst they haven't managed to extend the field size so the P10 is now largely unlikely, this would prove their P50 base model is correct.
I was actually sorting some paperwork out the other day and came across an old AGM pack that we get sent out, the field size for Gazelle, was only mapped on here just past the IVCO-14 well location so it would appear that again this backs up the view that Gaxelle 3 was always an appraisal well that could be suspended as a producer rather than an immediate producer.
Sit and wait for a couple of weeks now to see firstly if the reservoir is a good quality and then hopefully if it can be flow tested.
RIA Price at posting:
25.0¢ Sentiment: LT Buy Disclosure: Held