cooper basin drilling commences , page-2

ADX getting some momentum behind it.

I note from the AOC prospectus that Emily has a 1:2 to 1:3 chance of coming good in 2 or 3 of the three horizons of interest, but the independent geos report only gives it P50 recovable reserves of 2.5mmbls - maybe some reprocessing of siesmic since then?

I've also noticed several parcels of option popping up on the offer at 7c - maybe one seller feeding them in?
They seem to come in pretty constantly as purchases are made.

Thoughts on that lot?

Watching in the West
Coaster

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