if its oil in nullara, page-2

agree..

from todays ann...

In the past 24 hours, whilst drilling at a depth of 2755mMD, the well has encountered a total loss of returns indicative of penetrating a porous and highly permeable interval. Preliminary correlation indicates these losses occurred at or near the top of the Nullara Fm which is tentatively picked at 2722mMD (- 2294mTVDSS); some 86m shallower than at Pt Torment 1.
Efforts to control the fluid losses were successful, and when attempting to drill ahead at the same depth, mud returns were again lost to the formation. The losses have now been contained by the spotting of LCM across the interval, and the well operation
is POOH for logging and possible drill stem test to assess what fluids are present in the formation.