well dollarswealth the idea that the cruise ship is about to depart could be a little premature.
There is a good bit of testing to be done yet to see what can be got out of the well at the Cib Haz layer.
While the thickness of the zones sounds good (upper[gas] at 130 feet and the lower[oil] at about 60 feet thick) there is also the indication that they are thin bedded etc.
I interpret that to mean, rightly or wrongly, that the actual Cib Haz sandstones are in thin bands and have laminated sandstones, siltstones and shales forming layers over each other like a layer cake.
So production could be difficult or constrained. But we will have to see once testing is completed.
GGP Price at posting:
5.8¢ Sentiment: Hold Disclosure: Not Held