pottersupport, page-9

If you are willing to put the pieces together for yourself, this is an excellent document.

Cross reference it with the document I linked to in my previous post and it paints a very nice picture.

Basically it goes something like this:
The Carynginia formation is awesome.
The Kockatea formation is awesome.
the IRCM are awesome

These are present in almost the entire basin.

The HCSS are also awesome, though not as extensive across the entire basin.

All of the above are in one way or another the major hydrocarbon generators in the basin.

ALL of them are about to be tested by Arrowsmith2.

We could see gas flows of over 14mmscf per day.
What does that mean? Well, BPT booked 1tcf on a well that flowed 2mmscf per day.

We're talking about hundreds of millions of dollars in value.

Plus the added benefit of cash flow if the HCSS flow gas, which management have stated will be piped and sold immediately after testing is complete.

SO what are the doubts?
We know the source rocks have been proven.
We know the gas is there, potentially liquids in some formations.
We know the shales are analogous to US shales which has been very responsive to fracture stimulation.
We know this very formation has flowed significant volumes of gas in Arrowsmith1.

We know, we know, we know...this here is a slam dunk.
I'd be happy for opposing views to be posted for discussion. Maybe I am missing something.

The only potential major risk is the global macro situation, but even that is not so bad IMO.