From the announcement today:
'Logging has confirmed the full section of the Austin Chalk formation as interpreted from the mud log and the 3D seismic survey. Several other formations of interest will be evaluated in due course'
This says that the logging backs up the 3D seismic survey- which means that everything is as expected and the 1P reserves of 600,000 bbls net to PYM from this single well are a much greater certainty.
Also there are other formations of interest that are worth investigating.
this is certainly one to hold
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