Ann: 10.09.01 Oil Priorities , page-2

Now the seismic datta has come thru and been interpreted

So it might be less oil but do sound a lot more confident as to what is there .

Surprise is south and Stuart s/s/east

To have the guts and come out at this time of events and say er;; sorry we are abit out on the oil it's only 10% of what we first thought is conmendable

But to call preparing pad [suprise] and enlisting other companys for future analysis is to say sic of chasing tail time to dig down and drill drill till we find

Bit in thought with the remark unconventional objectives


unconventional objectives in addition to the conventional oil/gas reservoir objectives.

To capitalise on this opportunity, Central has appointed David Warner (Adelaide), Advanced Well Technologies (Perth), RPS Scotia (Dallas) and MBA Petroleum Consultants (Brisbane) to conduct in depth studies of shale gas, shale oil, tight gas sands and tight oil sands development potential in these areas.

Any promising shale units will be cored at Johnstone West-1 and if drilled, Surprise-1 to gain fresh data which will be fed into the shale gas/oil study already under way.


Iknow it might sound silly but which way do i read oil kitchen apart from the obvious

To be honest feeling a lot more confident that we are finally going to actually work a area instead of jumping hundred klm here and there with nothing to show except left wondering what else might be there if we moved 10 klms and drilled

E-mailed JH last nite got a reply

Seismic from Terrex latest is reason why a more fully focus

apart from all else.


Yes wish i did have extra cash; going thru the camping stores as is

Thought might have to change the life insurance policy for a bit but not now more confident than ever in a long time

I do feel J1 might be a bit to high up the anticline

Surprise/ Stuart my money