Hi all, I am a long term holder of FAR and eagerly await the results from these wells, like you all.
I googled the term "tight" when related to the exploration drilling game. Below is the result from the Schlumberger website, Glossary of terms. This is perhaps what Kath is referring to rather than "tight" as in reservoir terms, which ofcourse is completely different. The below would also make absolute sense to the way announcements are being made.
2. n. [Drilling]
A well that the operator requires be kept as secret as possible, especially the geologic information. Exploration wells, especially rank wildcats, are often designated as tight. Unfortunately, this designation is of questionable benefit in keeping the data secret.
See:wildcat
http://www.glossary.oilfield.slb.com/en/Terms.aspx?LookIn=term name&filter=tight
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