I think a lot of the risk in this one is now being adequately addressed.
Reading this announcement it is clear that the frac testing will not prove if it is possible or not - rather prove how it can be done - therefore the risk is only costs if the pressures get up.
Distance to customers is the best amongst all within this space
Development costs will be kept to a minimum by a staged ramping up (this will go part way to offsetting the possible higher costs of the wells if really high pressures are required)
High class partners are on board (CSIRO, german company and if you remember a while back BHP gave access to some of the wells on their sites to look at heat anomolies)
My only question is do i buy oppies or FPOs?
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