bilby, page-3

None billy and why would they?

This is exploration 3 wells...they know they have a find at
K-1 so why would we not , particularly after the sand plays replicating in first 2 holes not go for the target that represents the maximum of this sand type - Bilby.

2 finds are better than 1 billy...imagine the market if we hit the sweet spot here.

We could go up 8- 10c!!

2 out of 3 wells and the best part is as i posted the other day the remaining locations that weren't chosen appear to be rich again in these sand plays..

i posted the following -:The next drill at Bilby has a large Eocene target
Maruja, Tiro & Sidon down south were all Eocene
Look at page 7 of February review – Wallaby is also Eocene – that was not chosen as 1 of the 3 drills because it was Eocene. It is potentially very large.

So unearth the on-trend plays if you can...how good does that make phase 2 look if this one comes in?

you can't try and react to the market - it controls the SP not the other way round and i think i have made this point...fair value is irrelevant...lets hope they hit here and they will at P-1 then we are gone anyway