Not a bad article although not really anything new in it.
Also a little out of date since the Kingia well (the 26 mmbo prospect) came up dry, failing to find the Dongara sandstone reservoir in its more southerly location. Pity.
Redback gas exploration well (ARQ 33%) adjacent to Beharra Springs is currently drilling and probably expecting a result this week?
Holders / punters will probably have to wait until late this year for any more oil exploration excitement, 'cos they are about to do a sizeable 3D seismic programme over the core oil-prospective acreage, before selecting any more oil targets.
A good one to hold medium term nevertheless, based on solid cashflow from Hovea - Eremia and now the AWE assets.
article 2/3/04, page-3
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