Hi Grfe4, you have a lot of technical experience in the field so...

Hi Grfe4, you have a lot of technical experience in the field so I think you know that answer yourself.

But for other people who might be asking the same question: hard to declare commerciality if they haven't reached a point where the well is fully cleaned up, allowing for optimal flow and final numbers.

A simple analogy to really dumb it down: A race car is trying to break the world record for the fastest lap. At the first attempt, it broke the world record but they noticed the tires on the car were quite flat. They know they can get more out of the car by pumping the tires up - so no point in registering the first lap. Their second lap, they smash their first time. Knowing that that's the maximum they can get out of the car, that is the lap time that will go in the book of world records.

Simply put, they can not formally declare commerciality because they don't have the final numbers yet.
There is a rule book to follow, and proof they need to provide to formally declare commerciality.

The proof of commerciality usually includes:

• A Reserves Report based on the PRMS guidelines.
• Technical and Economic Analysis supporting the commercial viability of the project.
• Production Forecasts and market analysis.
• A detailed Development Plan for producing the hydrocarbons.