CVN 6.45% 16.5¢ carnarvon energy limited

They are unlikely to find gas with no oil as the source rocks...

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    They are unlikely to find gas with no oil as the source rocks are type 1 kerogen which in fact produce oil up front and the gas is usually as a result of thermal cracking (heating of the oil).

    Where gas is found oil should be present but whether it flows is the $64000 question.

    Looks promising though.
 
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