After unravelling the facts surrounding primary target depths it has become clear that the 64 metres of oil shows and gas were intersected in the upper region of this target zone. Approximately 70m net pay was anticipated. No further hydrocarbons deeper in this zone, only what appears to be an accumulation at the upper level of 64 metres. I think a lot of confusion still surrounds the target depth predictions and the significance of the oil shows, although BKP seems to have made a big effort to clarify this in yesterdays announcement. In terms of wire-line log data of these oil shows, if insider trading is occuring, I would be watching things very closely over the next few days.
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