I guess its up to the individual that reads the ann and interprets it from the ASX. Ive seen numerous highly price sensitive ann's go through without notice (for eg, im sure you're familiar of a few instances from our beloved sla).
To some degree its where the structure has received charge from - so it may be possible that the poolowanna did not have any oil migration from the source or it could be a range of other factors such as seal, porosity etc, seismic assessed incorrectly etc. Interesting to note the algebuckina had oil shows that had migrated elsewhere.
Anyway, given the amount of seismic done on blamore and the years its been assessed and reassesed - I find it odd that some of the target depths are so far out. Then again on the plus side, I was told "higher formation tops often mean that the structure has more height, ie more vertical closure than prognosed", so this could be very good news for the tirrawarra sandstone.
Everythings still going well regarding drilling as far as im concerned.
CTP Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
