"The Amadeus Basin is a proven hydrocarbon province, with the...

"The Amadeus Basin is a proven hydrocarbon province, with the Mereenie (oil and gas) and the Palm Valley (gas) Fields currently still in production after twenty years. While the area is significantly under-explored with on average 1 exploration well drilled per 5,000km2, the average discovery has been more than 4 million boe (2P) for each well. This is double the average discovery volumes for wells in the Perth or Cooper Basins, and many times that for the Surat Basin"

I think that pretty much says it all... They found some old siesmic... Realised WTF and now are going to ramp it up....