she is loaded, page-54

They had reported 2% oil frm the lower section whilst drilling from 8175' to TD of 8475', so looks like they will leave the upper 2 zones safe behind the casing for future testing or mayb target those in future wells.

Either way they now know that HC's exist on their block, so that itself should give them lots of confidence going fwd.

From the update this morning, gas & the condensate, are good IMO, as they can sell both commodities & generate revenue.

With the additional acreage of 80 acres that was acquired recently their P50 estimates of 24.2 bcf gas & 7.4 mmbbls should b revised upwards.

Look fwd to the flow rates mid-week & then future dev. strategy.