The key parts to this report IMO are as follows. This seems to...

The key parts to this report IMO are as follows. This seems to be very bullish statements as compared to Erics normal conservative reports to the markets.

All looks good IMO

The Anderson Sands have some zones with potential oil
saturations. The commercial significance of those zones
will require formation testing to evaluate.

While the loss of mud to the Nullara Fm has created operational difficulties that have now been overcome, we are encouraged by the presence of both porosity and significant permeability in the Nullara reef section. Development of vugular porosity in this section is a well recognised play, having previously been the target of exploration in the Basin, and we note that it is host to oil production at Blina some 100km to the SE.