Ann: Operations Update, page-71

What they said is that they had oil over the shakers with fluor & increase in bkground gas level.

They need to establish how much of 'net oil pay' reservoir sands was intersected & whether oil will flow eventually from a DST (ie movable HC's).
Fluid Sampling is reqd to establish the oil/gas phase. Resource estimate uses 70% oil 30% gas for the 645 mmbbls. Oil density ie API is also needed (eg: light oil 37deg API)..

Then there's the porosity/perm. Porosities north of 12% is what u'd need for a shallow well. 6% poro is what they had from the core in the Lab at Charlie-1 which is deemed tight. So hopefully more info will b revealed in the nxt update before they decide on the next step.

They should have told the mkt the TD for the well. I hope its there on the LSE update tonite.