RE:THREE powerful hints of a successful drill hole 6-2Not necessarily - the first leg of a journey does not equate to completion.
From the MD&A - The primary objective of the initial multiwell drilling program is to establish an active petroleum system, of which the main target is the Permian marine shales.
Consider that the well was drilled to - obtain core samples in the Permian marine shales.
RECO has successfully accomplished that.
The cores are still being analysed.
Again from company Sedar filing - Specifically, the wells are designed to test organic rich shales and more shallow conventional structures throughout the sedimentary basin.
But one can read into the PR whatever.
Not sure it can be stated with absolute assurance this PR telegraphs the presence of a P sys.