Hard to say. Could be inconclusive.. Could be issues with logging the full zone of interest. Could simply be that's all they're willing to say and they're being very careful. I'm not willing to draw a bad inference quite yet. Overall it still should be a net positive so far and I guess we have to wait for the full logging and testing. I wouldn't be surprised if they're accentuating the positive on HCs in the upper sands only, I also wouldn't be surprised if it's looking like a complete success and they're just not going balls out early like they did got PS-1.
"HCs in the lower Caley sands" would have been the keyphrase to get me truly excited. I am mostly just relieved they have good reservoir and HCs at all and things on paper look positive.
I'd wait and see what happens in the Milne. HCs there and we can probably be more confident.
Ann: Roc-2 Well Confirms Hydrocarbons-CVN.AX, page-26
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