Ann: More Oil Confirmed in Dorado-1 Well, page-125

It totally depends on the aerial extent of the closure, meaning the equivalent of length by breadth , and of course height or thickness of net pay. Initial estimates by the company will involve updating the original seismic interpretation using the parameters I mentioned . This will allow a preliminary reserve estimate to be made. The well will be tested which will provide a lot of data including flow rates, pressure gradients , and basically much of the information to enable them to provide those preminary reserve estimates for gas , condensate and oil. Then they will then drill an appraisal well which will confirm net pay at another location . This will enable them to start the process of establishing certifiable proven and probable reserves. Depending on whether they drill their first appraisal well safely on structure which would confirm their preliminary estimates , or step out a greater distance where , if successful could add significantly to their reserve estimates. Knowing Quadrant, they will likely drill a safe but effective appraisal well, possibly followed by a greater stepout well. The first appraisal well will give them a good idea of the most appropriate type of development .
Another positive is that Quadrant is a technically skilled and a cost effective operator, unlike some of the big boys.