The risk of not finding the shale is pretty low. This isn't conventional O&G where you are relying on a number of factors to ensure you have an accumulation. Shale deposits are more regional and it wouldn't be difficult to map it from the Santos wells in to the EEG block. The test will come with the analysis of the shale, whether the properties stand up to what they are expecting, and then of course trying to flow it.
The risk of not finding the shale is pretty low. This isn't...
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24.0¢ |
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| Open | High | Low | Value | Volume |
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| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| BTL (ASX) Chart |