Just a quick reminder on why CTP choose to drill Simpson-1!!! (I posted this a while back, so a quick refresher once again)
During the geophysical survey/ sweep of the area, they found anomalous micro-seepage of Ethane (C2) & Propane (C3).
This signature is common in existing fields in the Cooper-Eromanga region especially the Bodalla, Nockatunga fields.
Anticipated TD is 2200m & targeting the Algebuckina/Murta Sands and the Poolowanna Sands.
Simply put, ask y'rself this question, if there is a seep, where is it coming from?
The answer should b, its coming from a deeper source.
Such chimneys/plumes are common offshore as well (Bass Straits come to mind for starters).
Simpson should b a really good drill prospect IMO.
Cheers
reason behind s1
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