First time poster, short term lurker.bought a month or so ago at...

First time poster, short term lurker.
bought a month or so ago at 0.005


I wrote some notes down just to help me manage and understand my expectations. Beefing up and proving notes is a WIP so excuse any incorrect information.

Looking for feedback

KillanoolaProject (100% interest)

• Purchased from ASX:BPT (Beach Energy)

• PRL 13

• Nearby

  • Jacaranda Ridge

  • Haselgrove Gas fields

  • KatnookGas processing facility

• Discovered in 1998 at depth of 850m

  • Oil is34° API waxy crude

    • From a quick google this creates operational challenges, which from some comments can be mitigated with technology.

  • Historical rates of up to 300bopd

• Killanoola-1-DW1 Well (above statements refer mostly to this well)

  • Plans to "re-start" were initiated 11 Feb 2021

  • Undergoing petrophysical re-evaluation - Result expectation was soon (alluded to by the 9th Apri ASX anouncement)

• KillanoolaSE-1

  • Drilledin 2011 and discovered oil

  • No production tests as yet

  • NEW petrophysical identifies 16m net of oil bearing pay zones within the Sawpit sandstone

  • Revision of geological and geophysical interpretations to re-determine the volume of oil in place

  • Perforation and test plans underway in line with license work

  • 3D seismic planned

  • Field development plan (FDP) to follow

• KillanoolaSouth

  • Not yetdrilled

  • Pending FDP ofKillanoolaSE-1 to dictate terms

Hypothesised timeline.
1. Killanoola-1-DW1 petrophysical evaluation results
2.a. Killanoola SE-1 perforation plans+test plans underway in line with license work
2.b. 3D seismic planned
3. Killanoola SE-1 Well test
4. Killanoola SE-1 FDP
5. Killanoola South to be determined by progress at Killanoola SE-1