Dave Wall phone interview Proactive 27 August 2015, page-3

yeah..
the MD has stuck his neck out and clearly stated 1billion recoverable in the shale.. haha.. here s hoping

major price catalysts;
-Great Bear Alkaid1 results of sorts - something will have to come out of Otto soon (as a listed co they cannot keep everything a secret for too long)
-88E minor work announcements, like drill rig contract and spud announcement etc, but mainly recent cap raising dumping into the market price drag, once it is finished..
-88e drill result announcements as they actually drill the hole..

must say, he is quite confident about that shale..
i imagine that it is there under the entire lease.. ie; the geology is probably right..
but that it ll come down to those technical definitive testing elements which will take some time to do..
anyway, lets take it one step at a time..