Sorry if this is out date or irrelevant but isn't Karoon's...

Sorry if this is out date or irrelevant but isn't Karoon's Carnarvon Basin Permit WA-482-P diagonally adjacent??

Apache makes huge oil discovery
US energy company Apache has made an historic discovery of a new oil field offshore Western Australia state, which may hold as much as 300 million barrels of crude.

The Phoenix South-1 well, drilled 180 kilometers north of Port Hedland in 133 meters of water, is the company's first oil discovery in Australia's offshore Canning Basin.

Shares in Carnarvon Petroleum, one of three junior partners in the venture, more than doubled to a three-year high on the news.
"This is the most significant new oil play in the North West Shelf since the Enfield discovery opened up the Exmouth Basin almost 20 years ago," said Adrian Cook, managing director of Canarvon, which has a 20 per cent stake in the project.
"The implications on the rest of our acreage are still being assessed, but the potential is extraordinary," he said.
At 1215pm (AEST) Carnarvon shares were 119 per cent higher at 17.75c, against a benchmark index lift of 0.04 per cent. It is the highest point the shares have reached since August 2011, when they traded above 20c.
Apache is the operator of the WA-435-P block where the discovery was made, and owns a 40 per cent stake in the license and the adjacent WA-437-P permit. Executive vice president and chief operating officer Thomas E. Voytovich said although evaluation is at an early stage, Phoenix South-1 was an exciting result.


"The oil and reservoir quality we have seen point to a commercial discovery," he said.
If these results are borne out by further appraisal drilling, Phoenix South may represent a new oil province for Australia."

..from Business Spectator