Ann: Lockyer-2 Well Results, page-26

I wouldn’t go as far as saying wrong about everything.
From what I understand from their posts, there was always a risk this could be water logged (as with any drill). However how does todays result completely rule out any positive sentiment for the remaining leads/prospects in the tenement?
The announcement itself detailed that it doesn’t effect the GCoS of NED-1. Has the whole gas field been thrown out the window with this result?