Surandy just about has it.
I'm not suggesting either horizon will actually be commercial or successful but that with two horizons and based on the results of Hedonia we are likely to have "encouraging shows/results".
Two interesting things are the possible trend of conventional oil prospects should Cyrene come in and the unconventional oil prospectivity. There really hasn't been any potential resource size specified for the area as a whole. If they actually tried to delineate it and publicise it before the drill then positive results from the cores could have a much larger impact than it might seem.
Basically, although it may only seem like a smaller conventional drill (although still a big deal for KEY) there is potential conventional trend and unconventional upside, if only either of the companies involved would give the market more than vague clues on it.
BRU estimate they could have 3 BILLION bbls unconventional oil in their tenements not including the recent aquisitions. Would be nice to know how much of that is potentially in KEY's permits and whether it's a likely area for production.
And surely it's a good thing to know how many other potential Cyrene's there are in the permit?
Don't know why they are silent on anything more than the broadest strokes on these issues...
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