But they're not going to move from the edge of this accumulation to the centre of it, it's too small, they might as well take a couple of million bucks, pour the teacup of oil they got on it and burn it rather than spending another $7m on a drill for what is likely to be much less than $7m worth of oil.
They'll need to re-evaluate the area in light of the new information and target a decent amount of oil with a decent risk profile if one exists (Lead D?). None of the other leads are derisked by this as they're yellow drum (unless the reports weren't as specific to the yellowdrum as they appeared and they meant the gumhole as well). The two leads with most of the prospective oil are still risky-as-hell stratigraphic traps with 96% chance of failure on a formation that was tight and had no oil on this drill. New estimates need to be published for the gumhole only.
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not what i was expecting.. , page-8
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