Agreed Reserve. The Kockatea at A2 is much deeper (2240m to 2700m) than at Drover and NWE tested the lower section to 2600m. Drover`s TMD was only 2400m and the Kockatea core was taken from 1700m. After some investigation NWE don`t consider the gas commercial from their depth but 'can`t ignore' the presence of oil and will investigate further. For now I am happy to go with AWE`s ' significant gas readings' from both Kockatea and Carynginia at Drover given that it is not uncommon for gas to migrate from/overlie deeper hydrocarbons within the same formation
GEV Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
