Yeah I think sailorgirl's on the money there. I think the "extensive reservoir development" is pretty open to interpretation - it could be taken to be in relation to the presence of sand, quality of sand or presence of hydrocarbons. Very ambiguous. I don't think they're going to know the full story until they've finished the wireline logs. But I'm leaning toward them being hopeful, but not really expecting anything commercial.
The only thing of relevance is that even if there is non-commercial oil or gas, the presence of it alone will help calibrate the CSEM for future drilling a lot better than a dry well.
Cheers,
Butcherano.
HDR
hardman resources limited
