"The immediate forward program at Nicolay #1 will now focus on...

"The immediate forward program at Nicolay #1 will now focus on running wireline logs through the 8½” section from ~2,645m to TD together with a potential program of additional sidewall cores through the Goldwyer where better gas readings were detected prior to full coring commencing....."

Elevated gas readings was from 2850 to 3200 (previous report) and from 3200 to 3350 (current report).
This is gas reading over 500 metres (350 +150)!!!
The report said nothing about which shales the cores likely came from.
As I said in a previous post - looks like they were already well into the Goldwyer before they took the first core. The Willara was supposed to be at 3400 and they cored to 3564! Couldnt they tell from the cuttings? I didnt think they were expecting anything deeper than 3400m.

They should have cored from 2900m not 3150 - this explains why they are now considering a program of sidewall cores for the section above 3150 m. See section of the report above.

Looks like gas - most likely dry.
Limestone through the deeper sections not great but possibly that is through the Willara.
Certainly have not hit a sweet spot
Not a bonanza - not a disaster - only first data collection well.

Better days ahead? Hope so! GB