kellymm continues...same old tune, page-45

re: coe oil shows announcement Should have read the announcements properly :)

The Callawonga prospect covers an area of 5 km2 and has 23 metres of structural relief with estimated P50 recoverable reserves of 1 million barrels of oil in the Namur Sandstone and 0.7 million barrels of oil in the Hutton Sandstone. The prospect has a low risk (32% probability of success) with hydrocarbon charge being the key risk element. Each of the other risk elements
(trap effectiveness, reservoir presence and seal) is considered low risk.

32% chance of success based on hydrocarbon charge makes Callawonga looking good now, with the good oil shows seen during drilling.