Ann: Phoenix South-1 Well Update, page-19

I agree with Tbrin, seems to be a lot of excitement from reading between the lines unless I m missing something.
Nothing concrete mentioned, just some possible carrot dangling but I m nooooo expert.

A further two minor sands were encountered during the additional 55m of drilling. While quantitative analysis has not been undertaken on these two 10m sands, preliminary indications from the real-time logging data are that these are both hydrocarbon bearing.

this wording - While quantitative analysis has not been undertaken and - preliminary indications - to me are just updates on very little however informative but not to get excited over. Am I missing something.
Keeping an eye on this stock as sold yesterday morning but laying in wait like crouching tiger