Dribble free Geology Thread

For those who wish to discuss the chances of drilling success based on the specifics of the Geology rather than irrelevant prior pear shaped experiences with unrelated Companies in their dim and distant past as a criminal Inside Trader. Clue: when a drilling announcement refers to the potential to flow oil and you don’t understand that refers to the geological setting, then your views have zero value and you belong on the other thread where your lack of total lack of insight has been exposed.

• Large, robust 3D defined trap partlyoverlying the Rafael 1 discovery inEP428.
• Significant upside of 33mmbbls meanrecoverable oil resource from an 18 sqkm trap with at least 125m relief.
• Thick regional shale (Noonkanbah Fm)provides robust top seal, with PooleSandstone and Grant Formation highquality clastic reservoir targets.
• Proven basin-wide Devonian oilsource and potential Permian oilsource immediately down dip withlarge fetch area.
• Simple shallow well (~1200mTD) with low operational riskand low cost
• Historic shallow clastic reservoir oil pools in theCanning Basin defined by small scale traps withthin seals limiting trap size. Rafael Shallow traphas 500m thick Noonkanbah top and cross faultseal. Large scale of Rafael Shallow closure providessignificant upside.

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