the play

Just finished reading the report must say that the Lydia site is proving to be a bit of a disappointment. If we are lucky enough for Stanwell to throw more dollars in proceeding then with the completed full Seismic snapshot of ATP626P then hopefully RJ can turn this around.

It is interesting though that in terms of the GAS play for the MOU that ATP 855P and PEL 218 have been identified as the tenements to provide the GAS (both still to be drilled Beach & ICON). So there is now way possible that this is going to be known to have commercially viable GAS by the 31 August 2010. So I don't think it will be a rabbit out of the hat but maybe a hare from somewhere else that RJ will have to do to pull this one off.