Ann: Good Oil Conference Presentation 2017, page-16

Good question.

My take is that theyre only testing two of the deeper primary target zones and leaving the upper gas shows at this stage because:

a) - The deeper plays are more likely to be conventional and were always the primary objective here (validates many other drill spots)

b) - The deeper plays wont take as long to individually log and test being only a few larger zones.

c) - They can flow cash quickly then come back for the other gas shows later on

Also listen from 10mins30 in this old presentation - he basically explains everything back then:



For me at this stage the key is that they log a net pay that is commercial, pipeline quality from the deeper reservoir. Even if its in the order of 200bcf -at this stage- (100 net to SGC) its still worth a significant value to SGC. 100bcf is still worth $350m sales net o SGC vs $30m current mc.

Everything is sounding extremely positive at the moment for this to be commercial discovery. Lets await the updates.