Manz wrote"what are the implications of todays...

Manz wrote

"what are the implications of todays announcement?"

Nothing. Not until they flow test it. At the moment, you have "oil shows". Thats it. Cautious optimism is all I'll express, and watch for the weasel words "up to", "hoped for" and so on.

"i know you like the land, and the coalitions strategy,
but does it go some way to proving that mirage is part of a larger structure covering 20sqkm, as stated in an announcement on 24 Jan 2006",

Nope, it could be downdip migrated oil. Show me a flow test.

"and that the larger structure holding a conservative 20 mill barrels oil?"

Absolutely unproven at this point - Mirage-2 could have gone worse, but lets flow it and see if it produces.

"would there be any truth to the idea that ITC are in talks with Central petroleum (aka Merlin) regarding farmins, or potential purchase of some of Centrals extensive ackerage in the cooper basin."

First time I've heard that rumour. Personally, such a deal would surprise the heck out of me.

"Merlin/Central seem to keep hitting stumbling blocks with their proposed IPO."

*grin* You need better information sources ;)

Ian Whitchurch