Ann: Update on EP438 Cyrene-1 Activities , page-3

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    Personally I'm just happy it's going ahead so quickly. Site work is already done and the rig is on it's way. They certainly haven't been sounding the war drums about it but it will be an immensely interesting drill, especially the unconventional aspect. Hoping for some oily cores.

    Still would have preferred BRU to drill it with their rig though, but happy nonetheless.

    So really there are two trading points here. I think there are good chances of shows in the cores of the Goldwyer and shows in the Willara given Hedonia. Commerciality aside it might be possible to free carry at either of those two points which derisks things a little. Hard to put a risk on it given only one data point.

    It would be of great benefit for either of the companies to outline the potential of the Willara play and the Goldwyer in this permit.
 
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