If 88E kicks..., page-93

Couple of points.

First, referring back to DW interview with Share Pickers, he has this to say:

"We haven't done the test to determine Young's modulus and Piosson's ratio, and you know, in layman's terms this is really how brittle or ductile the rock is, and how easily fracture stimulated it is, and then if you do fracture stimulate it, will the cracks stay open or will they just close up. So that's what those tests are designed to do, so we will be getting results from that over the course of the next few weeks. And then, we've also started integrating the data from the core back into the log analysis so while we drill we run logs and then, you know, once you get definitive data from the core you can go back and calibrate the logs which corrects them effectively... for the actuals from the core, and once you've done that you can then start to measure water and oil saturations... and then you can calibrate the porosity which gives you an idea of net to gross pay and then how much oil is in place and then that derives, you know, your resource estimations so that is a piece of work that is now in progress"

I believe that today's announcement is the part that I have bolded. If you look at the top of the announcement it states "...is pleased to provide the following update on the evaluation and integration of the core with log data over the HRZ interval from the recently drilled Icewine#1 exploration well."

So I strongly believe the rest of the rock mechanics testing results and the characteristics of the porosity/permeability will be the next announcement, which in turn will allow the completion of the internal resource report to occur.

Once all of the data is known, a bunch of equations can be performed to give the size of the resource and an understanding of the total oil in play (OIP).

http://www.adv-res.com/pdf/00_EIA_ARI_Study_Methodology June_2013_FINAL.pdf