drilling report 25th oct, page-14

"Initial reviews of the wireline logs that have been acquired confirm the presence of the Nita formation together with a thick section of interest incorporating the Goldwyer formation. From these initial reviews the Goldwyer section appears more shale bearing than the inital drilling and core observations suggested. This is also consistent with the elevated gas readings observed from the mud logs whilst drilling through both the Nita and Goldwyer formations"

"The immediate forward program at Nicolay #1 will now focus on completing wireline logging and sideall coring before running and cemmenting a 4." liner into the wellbore to enable Nicolay # 1 to be suspended in a manner tha twill allow further formation assessment to be conducted if required."

To me, these both look positive?

No news on C4 but...