RE:RE:RE:RE:RE:Two difficult drill holes @deepoil0808, please read my previous post VERY CAREFULLY! I said FINDING the source rock was inconsequential, but of course source rock is where the oil is "formed" and crucial to the overall asset, but is not necessarily where the oil is produced from, that's the reservoir. So my comment is completely compatible with your first issues.
Why would the company release a mud log of it was just fluff? Well that's exactly what everyone was saying when it came out, and no one knows why. They are junk.
But please explain to me why there would be gas in the mud if the well was overbalanced (let's say by 100 kg/m3)? Using water based mud, the gas isn't soluble (like invert OBM) and therefore why would there be gas influx from formation. The argument could be made that connection gas would be present, but without knowing the overbalanced window, we have no idea if the ECD (equivalent circulating density) was responsible for preventing influx, and during connections there was minor influx. Strong mud gas readings aren't necessary to indicate oil presence. Ask anyone who has drilled oil sands, virtually zero gas readings, even when drilling 1500 meters through oil sands reservoir. You're getting your info from poor sources, or not understanding the process.
Sure, Jarvis being quiet may be a little concerning to some, but why should he comment on every release, doesn't indicate misleading investors.