Thanks Grangeh, i missed that one,sentiment will be on the up now we are getting down to the business end of things imo & why not with this potential.
In summary, the prospectivity of the Magee Farmout Block, and in particular the Magee Prospect which is mature to drill, are greatly enhanced by two important geoscientific advances:
1)
Recognition of a second sub-salt play at the Arumbera /Chandler Salt level (truncation play at Magee Prospect) in addition to the earlier targeted Heavitree/ Gillen sub-salt play.
2)
Recognition of a thickened Heavitree sequence in the subthrust block of the
Magee Prospect greatly enhances the possible available Helium resource and
gives the prospect a higher chance of commerciality.
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