I think four possible scenarios.
1. worst case
The Irwin River CM/Kingia/HighCliff sequence is water bearing. Dongara/Wagina tight.
=> Conventional potential remains in the Jurassic & Triassic sandstone's: we know, high chance of permeable reservoirs and we had "
elevated gas readings" in the Cattamarra CM, Enneabba Fmt., Lesueur sds., but not tested with this well.
2. mid case
Irwin River CM/Kingia/HighCliff sequence is water bearing; Dongara/Wagina up to 68m pay zone.
=> A Irwin-1 comparable result and depending from the extend of the possible pay zone, a significant discovery.
3. best case
Discovery in the Irwin River CM/Kingia/HighCliff. Dongara/Wagina tight
=> What we realistically hoped for from day 1 of this drilling...
4. dream case
Discovery in the Irwin River CM/Kingia/HighCliff. Dongara/Wagina up to 68m pay zone.
=> we are over the moon...
...possible share price in each case? Everyone's guess...
