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Ann: Trading Halt, page-42

  1. 284 Posts.
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    It is slightly hard to tell, but looks like that report is from 1995

    As I understand it, SGC / XST are taking a new approach by looking at older sediment targets which makes previous success rates and so on irrelevant as in unchartered territory. Except for Dempsey of course where they did find gas but it was too tight, with the hope that Borba will provide a better (and larger) reservoir. This short video covers it

    This new approach is both the opportunity and danger I guess

    Although it wouldn't be hard to beat that 3% success rate. And you could argue that the new approach has 100% success rate (re Dempsey) at least on a geological rather than commercial basis; which is what they are hoping Borba will rectify ...

    https://hotcopper.com.au/data/attachments/2907/2907447-7a711bcae23caf2de57442281ca834e4.jpg




 
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