Ann: Operations Update, page-10

Currajong ....
1. "The testing by swabbing of all four of the porous zones interpreted from wireline logs has been completed and good reservoir quality has been confirmed in all zones.
2. However, no oil has been recovered from the tested zones and pressure data acquired during the swabbing operations indicates that the zones are water bearing.

3. The well will now be suspended while the data are (is) examined and the wireline log indications correlated with the test results."
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So let's see if I understand this announcement correctly:
a) Yep we found good reserves of water, but no oil !
b) We did not do pump flow tests, because we do not want to extract the water.
c) Nothing more to see here. Move along!
d) We will slip this bit of painful news, with other announcements about how we are progressing.