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When a CEO says "very exciting" while trying to manage expectations, it tells me at least Wahoo is a discovery. While you are drilling a well there are all sorts of indicators. You have the actual geology coming up in samples while you drill, gas detectors which alert you to the presence of hydrocarbons and warn you to protect against blowouts, various logging devices which give you different physical properties and importantly, the presence or absence of hydrocarbons in detail. Finally you test the prospective zones to measure the flow rates and indentify the composition of any hydrocarbons. Then you button up the well by either by installing wellheads for later production or pouring the cement in to abandon. No announcements would be made until all this is complete.
Two to three months after spudding is a long time to drill to the relatively shallow depths we have here. While it's somewhat dependent on rig capacity, and any trouble you run into, I would say they're probably done with the actual drilling. Logging is only 1-2 days. My guess is they're into testing (which can last weeks, probably on Wahoo) and likely abandonment on the other wells
I think it's likely that they've identified reefal carbonates and a significant gas column; otherwise, it wouldn't be "very exciting
