Although it may appear that things may not be going to plan...

Although it may appear that things may not be going to plan right now, the fact is that we've only drilled to 490m or so and the most prospective target identified is around the 1,000m mark...although it is not clear at this point, we "may" have hit the cap of the underlying "Cebu Coal Measures" at the present depth...nevertheless I am at least enthused that they have found traces of oil at current depth.

Irrespective, it is a wild cat well, so it will be either a hit or miss...at this stage the outcome is not clear either way...