Primary target was at 1800m and expected to be around 30m thick. From what I could tell in the Adelaide Energy prospectus, which had an independent geologist's report regarding West Florence - it looked like all of the secondary targets were shallow to the primary. So probably nothing in the fact that they pulled up a bit short.
Would have expected to hear a bit more about the hydrocarbon shows if they were likely to be a stand-out success. Especially whether or not they were in the primary target.
Will hopefully hear more tomorrow.....
VPE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
