With 72mmbo 2p from 1700 net acres at blue ridge salt dome, (very similiar attributes inc porosity, permeability, oil grade,number of oil bearing formations and location) we are shaping up for potentially an incredible amount of 2p oil additions from Boling salt domes 4500 net acres. Nash salt dome is 50% larger again than blue ridge so has significant potential as well.
It is looking likely that come june when the reserve report is released MAD will have the 4th largest oil reserves of australian listed companys, lead only by Woodside Santos and oilsearch. With daylight to the likes of AWE, BPT, SXY, AUT....
Cheers
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