Largely good news. Good news that they've managed to get through the Carynginia and IRCM without problems like they had in WE3. It's also good news that they've encountered drilling breaks (indicating porous sandstone) and gas shows in the upper Kingia.
But until they've recovered the core and run wireline logs we won't know what net pay they have so it's too early to say whether the well will meet pre-drill expectations or possibly exceed them.
Largely good news. Good news that they've managed to get through...
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