Personally I'd like to view this as a positive, but I'll also balance that with other possibilities.
I agree, the announcement is rather similar to Fausse Point. It could mean that "there's possibly something bigger underneath, which was unexpected". That would be a positive, in the long term, but we all know what happened (or is still happening)with FP1 LOL
Now, this could also mean that they've encountered nothing really significant in the 3 zones of interest that they'd have to dig deeper. I doubt this is the case though.
Facts:
* Hydrocarbon shows during drill; * Labelled a "discovery"; * Latest announcement did not come with the typical phrase "we are PLEASED to advise..." LOL
GGP Price at posting:
2.8¢ Sentiment: LT Buy Disclosure: Held