You guys are negative nellies, if you’re still holding then atleast some optimism.
Not all wells drill into a charged trap, it’s a technical success and hence validated the model. The way I see it is wet gas or gassy oil, the lab results and an appraisal well will be needed as wet gas normally has an oil rim or leg. The Seebee needs a well in an optimal location where the sand body is thick and uniform as thin sands are proof that’s it’s on the edge of the structure.
Ann: OFF-MARKET TAKEOVER BID FOR XCD ENERGY LIMITED, page-124
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