Ann: Outtrim Project - Belgravia Prospect Update, page-2

IMHO, this is the most interesting part.

"The Swell-1 well result is encouraging in that it has confirmed the presence of a working petroleum system and contained a large gas column that was on the high side of Carnarvon geologist’s pre-drill expectations.

Carnarvon’s mapping indicates the crest of the Belgravia structure is updip of the Swell gas discovery and around 650 metres shallower than the Swell-1 structure. Typically, reservoir quality improves at shallower depths. Accordingly, on face value, Belgravia could expect to contain better reservoir quality compared to that reported at Swell. However, further work is required to fully consider the outcomes and opportunities arising from the Swell-1 well result, particularly in regards to the consequences for the Belgravia prospect."

Lets hope this news will push our SP above 10.5 cents.