re: Ann: KEY: Cyrene-1 Daily Drilling Report ... Hi Speccy
The current SP action tends to agree that this is a bit exciting, however I think we were pretty much expecting oil shows given the results of the nearby Hedonia well.
It does tend to confirm the play type though and this will be good over the longer term.
Personally I would like to understand the significance, if any, of the gas shows and the composition. Is this a possible indication of a gas play at depth, or has the gas migrated here from another deeper source rock to the south east?
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