I believe the next well is located on an anticline and might...

I believe the next well is located on an anticline and might have conventional upside as opposed to Nicolay where everyone seemed to be hoping for wet gas or oil even though it was announced as dry gas last week.

TBH I never really thought of NSE as a wet gas play so I'm not really that disappointed with the results. It is one of the reasons the Laurel is so special (with even semi conventional sections) but I'm relatively sure they'll find the window. There is dry gas here, oil shows further north, it should be there somewhere. They shoudl be able to calibrate better after a well or two.

Also the well cost in a production environment will be substantially lower when they're not coring and doing methodical exploration. The price of gas is also substantially higher in WA, it's not like the US where they need wet gas at the moment to make any money (we also have better export capacity to soak up any spike in production).