blowout, page-2

Just a few comments, I don't think the market fully understands todays announcements regarding Apium and Tarantula. Strong fluorescence indicates the presence of oil, 40%-50% is associated with good oil shows so 80% sounds great. The low porosity of the first core may indicate that the core is part of the reservoir seal or that the reservoir is tight. With Apium being smack bang between Hovea and Xyris, the probability of the reservoir here being good is higher.

With possible oil at Apium and gas at Tarantula I can't understand the 6.5% fall in the co's share price. Unless someone already knows the results. Maybe just due to uncertainty. Anyway, only time will tell, next Tuesday for the results, let's hope it holds up in the meantime.