It is this bit of the NR which interests me.

"Additionally, previous studies of Shoal Point indicated two substantially different interpretations of the seismic data available. The Company favoured the interpretation not used by the operator for the 2K-39-Z well and, on this basis, intend to complete additional seismic analysis of Shoal Point. It will also complete further research and analysis of the other identified lead within the license. Enegi still believe that Shoal Point is an attractive, high-impact exploration opportunity and are pleased that the license extension provides the additional time necessary to conduct further evaluation and exploration".

Cannot fit it all on but you can refer to the original NR. If CIVC used the interpretation that proved to be disappointing that probably increases the chances of Enegi to get it right next time. Just my 2 bits worth.

Best wishes

a6dyl