yes, let me rephrase that ""this is a serious oil discovery" as per the Norwest on 6pr radio talk back show back in Sept 2012..
shame the momentum hasn't kept up with the hype.
Bit of light reading going back a few years on the SPA blocks.
http://www.ogj.com/articles/print/volume-101/issue-6/exploration-development/discoveries-offshore-oil-attract-firms-to-northern-perth-basin.html