Yes, TAP has got most of the Merlinleigh sub-basin but the only prospective area which is known by drilling is in the hands of NSE. And it is called Kennedy Region.
I'll give you a lot moe information about Merlinleigh later on, but this is a brief info below;
These are the TAP's and NSE's tenements. NSE's tenements right at the centre as you said. And it is centre of the basin as well.
This map below shows the geographic borders of Merlinleigh basin. The yellow tenements are NSE's.
This map shows the formations. You can see the Kennedy Group and formation at the middle where NSE's tenements are covered nearly all of it. It is considered to be very prospective for conventional gas and oil, tight gas and shale gas and oil, simply all play types.
And this map shows the prospective area as close up on NSE's tenements.
This one goes in more details.
And the cross-section shows the potential prospective formations.
NSE Price at posting:
31.5¢ Sentiment: Buy Disclosure: Held
