huge chomping..., page-11

re: too good to be true? Ian, here's some history on Crux...

Crux 1 was drilled to test a large faulted anticline in the southern Vulcan Sub-basin in April 2000. The well encountered a single 244 m gas column in good quality Upper Triassic to Lower Jurassic stacked fluvial channel sandstones, tentatively identified as the Nome Formation. DST 2 (3642-3660 mRT) recorded a maximum flow rate of 34.0 MMSCFD with a condensate to gas ratio of 22 STB/MMSCF.

Geochemical and fluid inclusion analyses indicate that the structure has had a multiple hydrocarbon charge history, not an unusual interpretation if other results are applicable (Kennard et al., 1999, 2000, 2002). An initial hydrocarbon charge comprising oil and gas is interpreted to have occurred during the Paleocene, and subsequently lost during the Miocene. A second hydrocarbon charge comprising gas and oil is interpreted to have begun filling the Crux structure in the Pliocene to Pleistocene, with oil subsequently being spilt up-dip.

Results from Crux 1 provided further encouragement for the discovery of additional significant petroleum resources in the Vulcan Sub-basin and adjoining features.