CVN and MEO's 2 billion barrel beehive prospect

I noticed this within MEO’s announcments


“More locally, the recent Ungani-1 oil discovery in the Canning basin intersected the equivalent of the upper objective and flowed 1,600 b/d of oil. This discovery provided the inspiration for MEO’s exploration team to seek out this new play type in a more material sized structure.”


Does the CVN discovery in the canning basin bode well for MEO?


If it does they could have a very valuable piece of property on their hands.