Ann: South Erregulla Update, page-39

Reading between the lines here would suggest that STX now acknowledge the more conservative possibility of a GWC at 4630m TVDSS.

Perhaps STILL positive for the SE prospect as pointed out but more importantly, what was not mentioned is the impact this would have on WE gas reserves. This will not just be a function of the remaining Kingia section above that level but more so how much of the previously interpreted net pay would remain. Some of that was clearly below the possible GWC as they elected to perforate it resulting in the flow of water which they then partly reduced by setting a plug.

Will be interesting where the bottom perforation in WE5 will be in relation to that possible GWC.....