"We are also encouraged by the implications of the study as it pertains to the further development of the upper zones evaluated by the study"

 

I assume the upper zones are above the Deep Triassic.  It's the upper zones where they have found oil.  It will be interesting to hear Candax talk more about what they mean here.  I would think they'll talk more about the upper zones in either presentations to potential investors or in the annual report.