Given the lack of drilling I personally expect the JORC to be 100% inferred, I really don’t see how they could have any Indicated resource this early without drilling.
then Maybe once they re-enter and test Big Indian 1 and Lisbon B-912 I’d expect them to develop the Indicated category.
Have you familiarised yourself with the AOI’s (Area of Influence) surrounding each well as per the JORC code?
My opinions only.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-72
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