RE:RE:RE:Breach of fiduciary duty? Hockey, They discovered the Honditas formation during the last drill. It was not in any previously known geological database for that area. This information was in the SNN presentation for this block, sorry I do not have the link. It has been a while since I read it, but I believe Honditas was the formation they were targeting, and that on the previous discovery it did show oil and gas. I'm assuming that the Caballos may not be commercial in this specific area.