Hi healyn and ahjay,I take the past daily well logs as being...

Hi healyn and ahjay,

I take the past daily well logs as being factual readings done each day and recorded as such. Management would have no part of this as the drillers and well service companies would have taken charge of this as when it was done. Management only relayed these daily updates to us.

Seems a lot of RG1 had recorded a highly charged system considering its 56mtrs thick and interpretated as filled to the spill point. Readings of 1500, 910 and 940 of gas units were recorded and compared to the D sands 510 highest readings. One cannot help but be excited as to what will flow when perforation of this zone is done.

12Mcuft from the D sands sends tingles up and down the spine in what reality the B sands should flow deliver of something of a massive volume.

If it has what is expected it would be a shame to sit on it while in cash crisis. Use whatever means available to develop and produce this zone of riches and sell wherever at a quality price and stop being the paupers of the O&G industry.

Charger and Black Arrow are virtually ready to be drilled, Wannamal is being finished off in the 3D seismic and for drilling targets. Its not as if there is nothing to go on with if the B sands of RG 1 are produced and I would imagine that there are many years of production life in it.
Add the Cadda, Coaly units, The C intra Basilan Oil play, the A sands and the Lower Cattamarras Coal units there are plenty to entertain us with.

While this is done further seismic can be prepared for the other permits that show so much promise and guess what, it can be all funded from the RG1 B sands, no more CRs. If the B sands are to expected fruition many problems can be solved relatively quickly. A sound business plan will lead the way and I believe that the talent on board now in our management team will more than deliver the riches.

Is it possible the Perth Basin marked with the EGO brand could become the next mini Woodside.???? Infrastructure at the doorstep, what more could you ask for. Just need to build a descent plant.