Authorization for 450km of 2D Seismic is KEY HINT OF SUCCESSMy understanding is that you only engage costs of seismic data if you are seeking conventional oil traps.
Before engaging such costs, which is expensive, about $ 3.3 million, you need to have some data or proof that there is oil in the ground, otherwise you are collecting seismic data on sand.
The fact that RECO waited about 10 days into the drilling of hole #1 before authorizing this big expenditure tells me that they wanted to see the rock formation before incurring this cost.
Jarvie stated that he saw the rock formation in the basin next to us and, they were black, rich, organic, shale rocks.
The words are that HE SAW these rocks.
So it is not a hard stretch to think that Jarvie is on site and HE SAW the rock formation from 10 days of drilling of hole 1 and gave authorization to acquired the seismic data as he was sure that there is oil.
This is my reading of these cards.
MPO