Seismoelectric PL14 technology, page-9

I have an interest in BRD and have a good grasp of what the PL14 can do. It has taken awhile but I am happy EGO will get a chance to be the first Aussie oiler to stop wasting money on dud drilling.

Initially EGO will take BRD to areas that they have known drilled results and see if the PL14 can replicate the same results to prove the Pl14 works.

Apart from finding oil or gas it can indicate not only if oil or gas is say 1000ft down, it can then show if the oil gas well is another 100 or 200 ft deep etc.

This will be a free test next month, and if EGO are happy that it matches to known results, then EGO will pay and or give a royalty on any well the PL14 successfully proves up in the future. This will be a better way for EGO and other oilers to keep their exploration costs down in the future as it reduces the guess work of what is underground prior to sending a drill down.