strauss, the great thing about the aus assets is that the deep stuff may possibly be oil rather than gas as well. Thats about a billion barrels uquivalent in the Nova range (and only the first 1/3 of the zone) and the deeper zone, Super Nova, could possibly dwarf this altogther. A lot of upside for an area no one has paid a lot of attention too, from an investors perspective.
And with Milligans in an area/zone with proven discoveries in turtle/barnett surely de-risks this a bit too. 218m barrels at Milligans, would be a decent discovery if it proves up. Two big projects, two diffrent geological places plus another project due soon.
A lot to look forward too here between the two projects in the next 12 to 18months.
TPT Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held
