Is this good news or just a part of business as usual for...

Is this good news or just a part of business as usual for MAG?

"Magellan Petroleum Australia Limited advises that the East Mereenie-43 gas development well has flowed gas from the primary objective Pacoota Sandstone at the rate of 15.3 million cubic feet per day with a stable flowing pressure of 183 psi through a 2 1/16” choke.

A Flow Test over the interval 1,255m – 1,367m MD in the Pacoota Sandstone delivered the gas flow after the prospective section was drilled underbalanced (drilled with air), and underscores the continued potential of this reservoir to deliver gas at a substantial rate to
meet existing gas contracts. The East Mereenie-43 well highlights the potential of the field for continued deliverability into the Darwin gas market."