Freddo, I think they did expect to find oil as well. They were...

Freddo, I think they did expect to find oil as well. They were drilling right on the edge I think. See quote from AC's previous preso i.e. before drilling results:

So while we expect similar results to the nearest well, Phoenix-1, which discovered a gross 600m gas column, we need to prepare for a broad range of outcomes at Phoenix South-1. This range includes a larger gas column than was found at Phoenix-1, and the chance to encounter movable oil, as demonstrated with the fluid inclusion studies undertaken on Phoenix-1.