While we wait- review!
I cant see these guys selling their holding in Drover1 especially if they firm up Deloittes independent assessment analysis of prospective resources for EP455 that shows potentially 2.3 TRILLION TCF gas - can you?? especially if we are talking a portion of wet gas which the market pays a lot more for - perhaps i should be their marketing /Public relations Manager LOL- Also the market has had plenty of time to get on board and buy stock if these guys are right !!- and if they are then it will be a scramble to get on board
Cheers Schu
Focus returns to the Perth Basin!
"We are very excited to be actively involved in the North Perth Basin which is primed for large scale activity in the coming months; and it all kicks off with Drover-1. REA-Deloitte’s independent assessment of the Prospective Resources in EP455 being in excess of 2.3 trillion cubic feet of natural gas has reinforced the Boards’ belief that this will provide a significant stepping stone into the future."
Focus returns to the Perth Basin!
We are very excited to be actively involved in the North Perth Basin which is primed for large scale activity in the coming months; and it all kicks off with Drover-1. REA-Deloitte’s independent assessment of the Prospective Resources in EP455 being in excess of 2.3 trillion cubic feet of natural gas has reinforced the Boards’ belief that this will provide a significant stepping stone into the future.
EP455
18.5% WI | 110,000 acres
Snapshot
- Drover-1 drilled to a TD of 2356m
- Undergoing analysis and evaluation of core and logging data
- Highly prospective petroleum title
- Experienced operator & joint venture partner AWE Limited
- Large prospective resources
- Comprehensive evaluation & testing programme
In exploration permit EP455, the Drover–1 vertical exploration well reached its planned total depth of 2,356m and 5 1/2 inch production casing was set before the well was suspended in July. The target formations intersected were the Kockatea Shale, 787m, the Carynginia Shale, 257m, the Irwin River Coal Measures, 289m, and the High Cliff Sandstone, 14.5m. Two cores were cut providing 21.5m of sample from the Kockatea Shale and sidewall cores were taken in the most prospective intervals. Significant gas readings were observed during drilling of the Kockatea Shale and Carynginia Shale and log and core data from these intervals will be fully analysed and evaluated before deciding on the next phase of exploration activity.
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