Yep,
It's oil and gas. Remember many thought we would be lucky if we just got commercial gas.
It also looks like it will flow well reading the announcement. They had an immediate pressure build up which increased as the well bore liquid was unloaded.
Finally we can start to look at the potential structure size with an oil reservoir in mind. It wasn't just the lower zone that produced. It was the first zone of interest in the lower zone. So perhaps we can assume a conservative 100ft of pay?
100 (ft) * 500 * 205 (acres)
That gives a conservative reservoir size of 10 million barrels of oil. Based on this conservative estimate I'm holding!
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