baby woodside - buru, page-8

Another fantastic result. 2012 was always going to be a big year. Paradise is a game changer for us. There can be no doubt now that we are sitting on a world class super giant gasfield. It ranks up there with some of the biggest discoveries in the world. Anything over 20TCF is classed as a giant gasfield and anything over 30TCF is a super giant gasfield.

The question of whether we can flow gas in commercial quantities is yet to be answered, but if the successes in the Granite Wash are anything to go by, we know this can be achieved. And yes there are rapid decline rates in the first year, but we also know that those wells with high NGL content continue to be very profitable for many years after.