re: ian whitchurch knows nothing ..... Sabretooth,
I dont like EPE. Smegsy is gas, and if you had a commercially viable deposit (ie likely flow rate 5 mmcf/day at 250+ psi), it would have been more obvious.
In any case, they will need to get a gas contract.
Yellowbank-4 is in the Surat, which has had one good discovery (Moonie) and a bunch of vaguely acceptable ones (Rookwood etc).
There are oil companies I like a lot more at current prices (COE, STU, HDR, GOG, DLS).
Ian Whitchurch
its good, page-32
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