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Ann: Presentation to the AGM November 2022, page-68

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McSeebass

74 Posts.

32

05/12/22

12:46

Post #: 65153387
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Originally posted by alexei ii: ↑

Pottermore, we already know there is condensate with the gas. If 3TCF is a gas number, then 30MM bbl condensate in place approx.

Then we have this.....

followed by this...

These paragraphs talk about oil shows in the Dongara/Wagina. Drilling break with gas and fluorescence at top of Dongara, 160m oil fluorescence observed, yielding 60m gross column. 30m of it has 9% porosity. Unfortunately, the Dongara/Wagina in LD-1 is not a good reservoir. The key question however is...why is the oil here? how did it get here? Oil is present in low permeability sections because it was pushed there by water...or more oil...Thats why Im saying there is still potential for oil...separate to the Kingia. As long as there is a good reservoir somewhere in the Dongara/Wagina - it will have oil that flows. NED-1 will test this. NE-1actually returned some oil to surface in a drill stem test.

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We have taken another small step.

NWE Price at posting: 4.7¢ Sentiment: Hold Disclosure: Held
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