How Big is It?
Apparently well logs indicate the well has multi zones with hydrocarbon potential. As expected, that this is a well is established. What is not known is; will it be gas, gas condensate, or oil. There are a number of zones to be tested individually which they can expect that they may find all of the above each in a seperate zone or in combination. Oil is preferred, but in the area being drilled, the formation is prone to gas. However the location drillrd has the best chance of prodcing oil. Just by the logistics of testing this will require a good 2-3 weeks before they know what they have. They have a feel its substantial; but because of the multi-zones it is impossible to even guess at what the final numbers would be. Hope is for oil, because that is the immediate desired product that would have max. impact on the cmpany.
Gas would require more time to bring it to market. But its all good. It could as just as easily been a "duster" and there's really NO market for that. Merry Christmas to all!