Just on the subject of the next drill, Gingin Updip. The drill bit will strike wet gas, WAPET did in 1960. WAPET had a pretty good idea where to drill but they missed the high point by 470 metres. The rudimentary seismic in those days was still good enough to drill and successfully strike wet gas over a number of levels. With EGO's present day seismic technology it is much easier to delineate where to drill.
As it is a previous discovery which flowed gas at a substantial rate per day, IMHO drilling success is assured. But of course even though initial success can be assured, long term success is another thing, just look at RG-1 D sands.
DYOR you may come to alternate conclusions to mine.
EGO Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
