at the top of the target now, page-5

Top primary objective 3,222 metres
Total depth 3,407 metres
Present Depth: 3,234m

Hydrocarbon indications:
Since the last report, the well has drilled through interbedded limestones and thin claystones with minor mud gas observed.

Comment:
Since the last report on Thursday September 13th, the well has been deepened from 3038m MD to the current depth. Lithologies encountered are predominantly tight estones and minor claystones of Devonian age with minor mud gas shows observed. The primary objective clastic units of the Virgin Hills Formation have yet to be intersected.

===========

ARQ has released the above.

Interesting. I suggest you DYOR to draw your own conclusion.

Based on my understanding of drilling I have my own views about this.

However, at such a sensitive point in time for some investors maybe deciding whether to buy or to sell, should my views prove incorrect I do not wish to be accused of either ramping or downramping, so will understandably keep them to myself.