Genarally speaking the "Pros" say any well success is about 1 in 5. I just had a look at the UTUBE video posted by "Kezzler" and it was quite interesting and stated that onshore near PEP11 has has past proven gas discoveries. Phil Kelso also stated "We know that the gas is there it is just how to get it out". I can't believe how big in acreage this project is. From Newcastle to Sydney, now that's a lot of gas. May I suggest everyone looks at the UTUBE video, its a real eye opener. Any oil and gas drilling is not for the faint hearted but this one offers a very very big carrot. To protect yourself sell half your holdings on spud and then your carried free if your worried about too much exposure.
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