Key take homes:
1/ de risks Phase 1.
2/ Extends the field.
Fantastic news. This is the start of a new mid size energy company, as long as we don't get taken over.
Other info:
Kingia gives 11% ave porosity (max 19%) over 28 m of pay.
Kingia is 155 m thick.
Tells us the permeability persists. Thickening of the unit tells you its likely to find more (or thicker in total) high permeability zones elsewhere in the field/fairway.
HC not significant. Ok, we dont really need it with 155 m of Kingia.
Ann: WE4 Results Extend West Erregulla Gas Field, page-16
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