Bottom line is that oil and gas shows all indicate the presence...

Bottom line is that oil and gas shows all indicate the presence of oil or gas. It is definitely not a duster. In fact for an appraisal well this is extremely pleasing. There will be hydrocarbons and now the key is to determine whether it can commercially extracted. As this is an appraisal drill subsequent to a discovery, this obviously increases the prospect of a commercial find. I believe the asx is definitely onto prm and requires stqtements that are evidence based. Only following wirelogging can numbers can be estimated. The only risks imo are whether these are residual from escaped gas or unextractable oil/gas. Otherwise we are going to be adding to our value. However the market has been wierd in it's valuation if oil stocks drilling appraisal wells vs ones going after wildcat hit or miss exploration drilling.