This is going to be a long haul as there is oil and gas there we...

This is going to be a long haul as there is oil and gas there we just need to find it.

The announcement said is short ;

Wet gas signatures, indicative of oil, were first encountered in the overlying shale section and persisted throughout the target interval, indicating that there has been significant hydrocarbon generation in the area. important geological data has been gained from this well, providing valuable insights into the prospectively of the Aptian-Cenomanian turbidite fans that are still valid exploration plays with very large oil resource potential in Cormorant-1 is the first modern well to penetrate this stratigraphic section in PEL 37, (covering some 17,000Km), and the Joint Venture is in the early stages of analysing the results. The analysis will assist the geological understanding, and the associated discovery probability, of other prospects and leads in PEL 37, some of which have significantly larger resource potential than Cormorant.

The well data supports the presence of at least one active source rock system,

Also: The drill rid has left the area