if this is a positive outcome which i believe it is...it will have massive implications.
Gas in permeable and thick Kingia, in ED-1, by all indications will unlock a big, prospective pool, previously not considered in the WE resource numbers. Depending on whether there is any compartmentalisation, it will impact (positively) the existing NSAI West Erregulla numbers - i.e. the 450 PJs could climb to 6 or 700 - due to the GWC occurring deeper than the kilted dipsticks previously pushed on us. ED itself, could be another 2-300Pjs. all rough numbers, DYOR. Thats where the 1TCF number may again come back into play. And @
@618 resource numbers are always recoverable, not in place unless specifically stated. You will feel much better if the share price doubles from here. ... but if the scenario above plays out, 40c will still be low ball.
The fun and games will start from here...although im not sure if the predator will have stocked up with deals from the index fund offloads- we will find out soon. Nevertheless, if you want to make real money from here on - hang on and ride it out.
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