testing positive

"....The rig is now preparing to undertake a drill stem test of the hydrocarbon bearing sands in the Oligocene section which it was not possible to evaluate in
CRD-1X."

Obviously that statement in the recent announcement must be viewed very positively.
Okay we should not go counting the bopd rate yet but the brief comment at least hints that they are hopeful of getting something from this Oligocene section.

We might also speculate that this was the main purpose behind drilling the CRD-2X appraisal well. They are hopeful of finding more production in this prospect.

We know that CRD-1X was very promising with the flow rates achieved from a couple of levels above the Oligicene as I understand it.

If they can prove that they can produce a suitable result from the Oligocene level then this could encourage Premier to move towards production from the CRD prospect.

It would, at the very least, (IMHO) encourage them to undertake a more aggressive drilling campaign in the Block.