6379What RJ has said this morning is confirmation of what I was...

6379

What RJ has said this morning is confirmation of what I was previously told by ADE and what I have mentioned in previous posts ie they thought 855 was potentially a better prospect than 218, time will tell it always does.

Remember BPT is the operator of this well not ICN and BPT were eager to drill this well ahead of time, the seismic has been done, it is the same trough, it has been identified with many other basins in Australia to contain large amounts of shale gas and now we have confirmation that 855 has the deepest concentration of source rocks for shale gas, hence the need to drill over 4000M, hence why I am more positive.

We are now at the level 2500m down where BPT will start coring the shale so we are ever so closer to finding out.

I am confident of success and as a long term holder actually topped up with some more shares today so I am prepared to take the risk/reward that is on offer with 855 but please DYOR before making any decisions.

All the best to L/T Holders

The Fatz.