I think it is important for new investors to note that the...

I think it is important for new investors to note that the Merlinleigh project is located in a different basin (ie The Carnarvon Basin) to previous wells drilled by the company which were focused in the Canning Basin. It is also interesting to note that the MerlinLeigh project is very close (50km) to the existing Gas pipeline from the Dampier to Perth/Bunbury as can be seen on the map below (Red line indicates the pipeline) . So a successful well could be commercialised relatively cheaply given short distance to infrastructure.

The Merlinleigh Project (100% Owned) has ~5,800km2 or 1.4m gross acres, has Shale and Tight Gas potential. The Condon-1 well is predominately looking for Gas but will also evaluate the potential for wet gas and oil as can be seen highlighted on the map below. Here is a closeup of the Merlinleigh Projects prospects.