Summary

Not often (almost never) have I read such positive stuff in a wireline log result and absolutely no negatives ( were looking for some add-ons to make the region commercial but seemingly have a stand alone Dorado now with lovely bolt-ons of Roc/Phoenix)

Huge net pay of 80 mtrs
‘highly porous (20%) and permeable sands’ or excellent reservoir (was ‘rapid extraction of oil samples’) = potential high flow rates
No water contact reached yet so upside still
Beautiful 49.6 API light oil
We have Baxter hydrocarbons (never been mentioned previously)
Although uncommercial there’s hydrocarbons in Hove = every zone has hydrocarbons
Upside possibility (huge) from Crespin and Milne still to come
PS3 still to come (which is the certainty I was betting on to make this whole place commercial and so get a few cents SP lift)
The whole region is now being re-rated by the big fish (T/O with longer timeframe in mind) The Caley in the whole region should be restudied on the seismic maybe
ASX200/300 rerating probable
Revised volume estimate to come (upward obviously)
Quadrant frothing (and therefore committed – no stranding this resource) – he was almost wetting himself with his language !
Media yet to fully expose this fully
Lumbering institutions still going through slo-mo discussions before deciding to launch
Buffalo in the back pocket (plus Labyrinth etc) and cash

Probably more to add to this if anyone wants to