Yeah what a load of crap that was. I first read it here but it made my eyes roll as a little diagram with plumes in red yellow shaded on it is hardly anything to get excited about in the O&G game,IMO
SE-1 looked good but it was all downhill at a rapid rate after that with the 2&3 debacle still fresh in my mind.
The future still looks good even without those extra reserves but it's all going to take a lot of extra time now,maybe a 1-2 year blowout on where we should be right now and some drilling success needed which is a risk and i'm sure the market is going to see it that way too.
Ann: Macquarie Australia Conference, page-44
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