I really didn't think this PR was worth commenting on, and evidently KXL didn't think much of it either based on reading between the lines, but here goes my take FWIW:

Most of the PR was either geological mumbo jumbo or lame mentions of other companies in the area trying to ride their coattails (Remember the old days when other companies used to mention KXL trying to bask in our yellow glow?). The whole PR seemed to be trying to make something out of nothing, or to avoid saying that they had nothing.

The key quote in the entire PR in my opinion was:

"Average drill hole spacing in this target area is still > 100 metres leaving ample room for a significant discovery."

That says it all. Nothing significant, but maybe the next hole... As I said before, this company that seemed like a can't miss has been reduced to the state of an insignificant junior explorer startup hoping that drilling their particular piece of moose pasture will turn up something significant. The only difference is that KXL has already spent a huge amount of money proving that large parts of their land package don't have the goods.