I have always assumed that the market felt that there was A 'connection' between Charo ( Santos ) and Snatcher 1 . They are reasonably close together. Ever since the Growler fields starting finding oil at about 1700-1800 metres depth I have been excited about connectivity in this basin. When Snatcher found oil at about the same depth it just reinforced my thinking...plus of course Snatcher 2 also being at the same depth. I think all this stuff has been flagged pretty well.
'Well well well' to me means Snatcher 3 , Growler 6, and Growler 7. Hopefully a hat-trick and a big Fairway of oil. There are many more opportunities as outlined in both of the JV's presentations etc.
ITC Price at posting:
5.1¢ Sentiment: Buy Disclosure: Held