Ann: Welchau Gas Exploration Well Update - Report No 3, page-3

"Minor hydrocarbon shows have been encountered in the carbonate formations. Formation gas shows have increased from 0.0099% to 0.1765% primarily for methane as well as ethane and propane also measured upon entering the Lunz Formation where the 9 ⅝ inch casing has been set2."

I know very little about oil and gas , so Does the above sound disappointing ? ,Anyway hopefully it gets a bit better than that deeper down . nice to see the charting on progress finally and a more detailed report on the foundations they are going through ,