Formation Thickness, m (preliminary) Roseneath : 194...

Formation Thickness, m (preliminary) Roseneath : 194 Epsilon/Murteree : 194 (estimate) Total REM : 388 metres
Commenting on the progress of the well, ADE?s Managing Director, Mr Carl Dorsch, said:
?Encounter-1 has to date provided us with enormous encouragement as to the potential of the shale gas exploration play in the Nappamerri Trough. The much larger thickness than anticipated of the Roseneath Shale that was announced last week provides both the potential for considerably larger gas in place numbers and greater ease of stimulating the production of this gas.
The very high mud weights required for the safe and controllable drilling of the well (13.6 ppg rather than 9.0 ppg) together with the constantly high gas shows encountered both prior to and within the primary targets point to large overpressure and/or a high concentration of in situ gas. Either or both scenarios indicate a significant amount of gas in the system.

This is Beach's ann this morning re 218.

Well is about 7 days away from completion. This represents a MASSIVE increase in expectation (at least 5 times bigger than they thought). Can't wait for drilling to commence on 855 and ICN's tenements cover over 3000km sq. of the Nappamerri Trough!!!!!