This seems to sum up what they are saying

'Green Point Formation is a Lower Paleozoic, organic-rich, mature-for-oil formation which appears to have been structurally thickened within the Humber Arm Allochthon of western Newfoundland to create very thick potential pay zones. Petrophysics by NuTech Energy Alliance from two existing wells in the southern and northern sectors of Exploration License 1070, respectively, provide a range of oil-in-place numbers from 380 million barrels OIP per section at Shoal Point 2K-39, to 930 million barrels OIP per section at Long Point M-16. Other studies from the wells including source rock analysis and cuttings mineralogy further support the presence of a thick pay interval.'

What I get from that is -

1) There is oil

2)'very thick pay zones'

3)Seem to be spread over a wide area, from north to south of Exploration Licence 1070

4)From 380 to 930 million barrels oil per 'section' - not sure how many 'sections' we have

5)Actual production numbers will depend on the response to fraccing. High percentages of clay means poor response, quartz shatters. We have some intervals with higher quartz percentages, some with less.

6)The results shown in this release are for the previously drilled 2k39 hole and Long Point M-16 hole

They are preparing the 3k39 well (just drilled) for possible production-analysis of results for this hole will be released in May.