From the Cairn transcript and our friend tweet, reading between the lines, I think this title stands.
There is hydrocarbons there, just how much, where and what quality.
CNE Transcript
So the well that we’re currently drilling FAN-1, within that well profile we will drill through those source rocks. It is one of the reasons why we’re drilling the FAN well first. And confirmation of those source rocks and their maturity and richness obviously is an important piece of the well. Clearly the most important thing is to find some commercial hydrocarbons. But this being frontier drilling any information that you can get on source rocks and reservoirs has a huge impact upon the surrounding prospectivity. So we’re pretty confident that it’s there. What you can’t tell without drilling it though is how good, how much and just exactly where it is within the well. But this will tell us once we have finished.
Call me too optimistic, but a CNE exec on an update which occurs mid-drill making comments like the above would be on a basis of fact I am sure.
Bear in mind we finish in less than 2 weeks, early Sept is but a couple sleeps away.
Good luck to all. You have to be in to win.
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