It's amazing how the JV's were sold off, you get that when you have traders that love speculating without understanding the technicals.
The announcement is somewhat technical and can send out the wrong message if not understood properly, but these management types know only how to speak in 'geek' :)
Things are still looking good for stokes imo. They have intersected 'saturated' gas and minor oil within levels that correlate to shows at Valentine.. This is very good news and pretty much is what they would have been expecting. Just need full logs and analysis to determine quality etc.
The deeper section is more of a mystery at the moment only because it seems they weren't able to circulate their MUd back to surface for sampling. If they were able to do this, they would have told us and some sort of fluid sample would be evident if present etc.
So the fact that they will DST now is also a positive in that they haven't written off the Nallara.
They also mentioned that it's updip (shallower) than the oil producing horizon at Blina??? If so, this suggests it should not be water bearing.
Still some unknowns, but a long way from a bad result imho!
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