how accurate is figure 1, page-8

You guys have it all wrong - SURPRISE-1 RE drilled a vertical thru the entire Lower Stairway Sandstone (gross pay 23 m), thru the Horn Valley Siltstone and into the Pacoota Sandstone to a TD of 2729m. The entire HVS WAS drilled and logged. Do you think the company would describe the source rock/shale gas
potebtial of the HVS without having drilled and evaluated same ?

Multiple announcements to ASX were made from late November 2011 - Dec 2011 advizing drilling - just read one, from 02 Dec 2011 (over 14 months ago !) which gives the formation tops as : HVS 2565 m , Pacoota 2613 m to TD 2729m

The subsequent lateral (SURPRISE-1 REH) was drilled to test the optimum pay zone identified in the LSS

DISCLAIMER : No investment advice expressed or implied. DYOR and read your companys public announcements !!