PJ
Yes that is my initial conclusion based on what was reported. For info, I believe a 3.5 metre producing interval of around 1000 bopd within a 15m heterolithic interval is a very good initial result. As stated this may materially "significantly" impact (in my opinion - positively) on future resource calculations.Personally I can only see upside in this announcement.
There are still a number of questions to be answered, e.g. are there other prospective intervals that were not tested or tested but not successful?? But whatever, I cant get away from this being a very positive announcement.
My takeaway highlight was ...."Confirmation of correlation of the principle reservoir units between SNE-1 and SNE-2........"
It is very rare what FAR et al have achieved and I believe quite rightly, at this stage of proceedings, we have every right to be celebrating. Still more hurdles to jump, but one step at a time.
I suggest re some questions you posed in an earlier post that you ring FAR and ask. Perhaps they may be forthcoming with further information?
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