Ramirez echoed that in both conference calls. Interesting thing is that Sangha calls it a development project because of the 3D seismic while Ramirez points to the historic drilling.
I tend to believe the historic over the seismic, but that's based on the fact that I got burned on HENC after believing a bunch of people about the seismic. Here there's seismic indicating a hydrocarbon trap and historic evidence of sufficient porosity. Will see what happens when they drill it.