"Assuming the structure is filled to its spillpoint, the following undiscovered-gas initially-in-place (UGIIP) estimates occur below. (UGIIP) Magee Prospect (Arumbera/Chandler subsalt -truncation play) 548 BCF Magee Prospect (Heavitree/Gillen subsalt-subthrust play) 245 BCF Magee Prospect (Heavitree/ Chandler subsalt – overthrust play) 5 BCF Maryvale Lead ( Arumbera /Chandler 4-way dip closure/truncation) 563 BCF"
Assuming the play pays as it indicates it may, this company is potentially a future merger/acquisition candidate. Aside from that, it is already appearing as competant enough to exist alone. That is the grain of my research at the moment on the ASX in general and this one fits the bill at a glance (so i've thrown this comment in). I am aware that this statement may be a little too quick off the blocks so dont listen to me i've only been looking at it for half an hour. Others should know far more. However, The 6odd% of helium is indicative of clean gas below it and provided it has the infrastructure nearby, it should generally be a trouble-free extraction. Is the company ready? Im sure someone will provide me that answer. Looking attractive and will continue to research it.
CTP Price at posting:
10.0¢ Sentiment: None Disclosure: Not Held
