bad news, page-34

Folks, excuse me if I am mistaken but I have read and re-read the announcement and I wonder if it's not as bad as initially it appears. In particular:

"The Cua Lo-1 well was drilled to a measured depth of 2,867 metres, or 2,837 metres total vertical depth subsea. Based on log interpretation, several gas bearing sandstone reservoirs were identified."

Several gas bearing sandstone reservoirs were identified!!!

"A drill stem test was conducted on a reservoir evaluated with the largest potential within the prospect. Although gas flowed during the test, the poor reservoir deliverability rate combined with high carbon dioxide content suggests that development of the tested reservoir will be unlikely. The well will be plugged and abandoned."

Does this not mean that of the "several gas bearing reservoirs identified", the one that was chosen and tested as being the "largest potential" will be abandoned only - thus leaving "several" to be explored?

"The Cua Lo-1 well confirms both the trapping mechanism and the existence of a petroleum system in Block 105 and provides valuable data for deciding the future exploration strategy in the block. Additional oil and gas prospectivity exists within the block, providing opportunities for further exploration."

Does this not concluded that although the tested reservoir itself will be abandoned due to "poor reservoir deliverability rate combined with high carbon dioxide content" there are several others that can be tested and more importantly the announcement confirms "additional oil and gas prospectivity exists within the block, providing opportunities for further exploration"?

Thoughts?