Conjectureand Hypothesis, are all we have at our disposal until a definitive NR. These can be highly enlightening at times and sometimes humorous. The only small black cloud on my NOG horizon is when it was posted (forget who posted this infor) that the company is moving ahead with well 2 approximately 2 miles (kms) away from the first well. I have no real knowledge of oil or how it forms deposits. Playing the devils advocate here, IF well (1) had a positive economic flow rate would you move that far away from it approx. (2kms) or would you change the original drilling program and perhaps apply for a license closer to well (1). I realize that wells have to be drilled in order to positively map a resource, but it would appear to me that they have not encountered anything to alter the original plan. On the positive side perhaps all their pre-drill work has been substantiated and the possible resource is such that drilling that distance away will still intersect the resource. Like i stated all conjecture and hypothesis.
Regards