AFR article of 5 Jan worth revisiting, page-16

Jsoho,

Firstly, great to have you on the thread, I have been researching AVO anomalies along with a geo friend for some time, the upside if proven correct is enormous and my geo friends thoughts concur with your thought's around upwards of 1B.

My interest was initially sparked by the comment in the Edison research, highlighted in bold below - it is very clear IMHO that the anomalies are above the field...

"Cairn estimates unrisked 2C contingent resources of 330mmbbls (with a fairly wide 1C-3C range of 150-670mmbbls), almost double pre-drill estimates of 182mmbbls (for the Albian sands alone). The reservoir is composed of both thick and thin sands. A key risk on volumetrics is commonly driven by uncertainty in OWC; however pressure data from the well provided a clear cut OWC and gas-oil contact (GOC) so that volumetric uncertainty comes from elsewhere in this case. The answer lies in the complex geology that overlies the 60-100km2 field and complicates the seismic time to depth conversion, giving varied results.

source - http://www.edisoninvestmentresearch.com/?ACT=18&ID=14593