Highly unlikely mate. The plan is to intersect three target areas before reaching TD. Each target area is geologically distinct and therefore we will proceed to TD unless drilling issues prevent it. Using LWD plus observation of returned cuttings from drilling mud, the company gets a good first indication of each zone as it is intersected by the drill bit. Remeber this first zone, the Seebee is one of two secondary targets....the Nanushuk is our primary target. Personally, the Torok is the secondary target that interests me more, though happy with oil in any or all of them
After we reach TD. The entire intermediate zone will be more thoroughly assessed with wireline logging and then with production testing where justified. Any positive first indications will need this further validation to start to value its potential.
Likely the TH is to protect themselves from information leaks (continuous disclosure obligations) as the first zone is being intersected. Nothing more or nothing less. IMO.
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Highly unlikely mate. The plan is to intersect three target...
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