Ann: Lyons Point Well - Drilling Update 11 , page-24

re: Ann: KOG: Lyons Point Well - Drilling Upd... I see there being 3 scenarios:

1. No hydrocarbons found at TD, however there's a "gut feel" something is a bit further down.
2. We found hydrocarbons and at TD we're still in the payzone.
3. Drilling calcs are slightly off and the target zone began 200 ft after the estimate.

Does seem strange to extend the depth given we're under a turnkey agreement, there has to be something in it for the contractor to keep drilling at their own expense rather than plug and abandon. I'd imagine the rig is contracted to another site after this drill.