CT I think Conix is probably most qualified to answer this. Do you know the answer or are you wanting someone to research it for you?
I will have a go but I am not a geologist. From my reading Blamore was not a duster. Look at the drilling report from 180808 for Blamore. as there was 15m column of residual oil column (subject to further analysis).
Also remember a discovery advice was submitted to the NT Dept of mines.
Simpson 1 was plugged and abandonded but the announcement said it had provided valuable insights into the geology of the Pedirka Basin.
So I guess from all the analysis they have collected (probably MANY, MANY hours of work) they believe they have 2 active petroleum systems.
All I can say is the management have many years in petroleum and gas between them. So I am choosing to listen to the experts.
CTP Price at posting:
9.4¢ Sentiment: None Disclosure: Held
