If ARQ can get any of her Canning wells to perform, all Canning acreage holders will probably be hot items.
Not many Canning companies though ...... EMR, OBL, Backreef Resources (BKF), New Standard .. and some others?? .. cannot remember?? .Oh, Well!
New acreage seems to cover the fore-reef of the blina reef trend and some of the reef itself. If the back-reef produces oil then this acreage would jump in value, I suspect. Would be great if they would release an indepth research documuent on the permit, including past wells drilled, seismic etc.
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permit application l07 1 , page-2
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