If that 60m oil column we got in Lockyer Deep1 in the...

If that 60m oil column we got in Lockyer Deep1 in the Wagina/dongara section is present in every well drilled from here on...there could be over 1 Billion BBL oil in place. The Dongara/Wagina rock layers mimic the Kingia in terms of structure. I simply did a back of envelope calc using 100 km2, 30m net column and 12% ave porosity. No pressure or temp correction. The company (and most PB folks) are saying the Wagina/Dongara does not have great permeability...well we will get another four chances to find out whether the permeability improves in our area. And remember, North Eregulla-1 actually produced 35 bbl of light crude from a DST in the 1980's...light crude flows like water