As for the vertical migration of gas/HC's in this area, all depends on the local seal in the region. The Muderong shale is the local seal in the Perseus field. If thats present & is free from any faults then we have the right situation for a trap. Also the Gas-water contact should come in lower. I just hope that the LG SST is gas saturated. They haven't reported any gas seepage etc in the area as part of their initial survey in selecting the drill location either.
PC43
Most kids fathered by the bolt chucker have had the nearby gasfields & wells named after.
cheers
MEO Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held