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I think you have misread the release 13.695 TCF plus 164 mmbo is...

  1. excelsior
    2,734 Posts.
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    29/04/15
    16:37
    Post #: 15182575
    I think you have misread the release

    13.695 TCF plus 164 mmbo is an oil equivalent of 2.5 BILLION barrels of oil equivalent. Its colossal.

    Tight gas means it has to be vertically drilled which will be expensive but this is big enough to attract a major which is the main game for Mosman.

    I think Mosman looks cheap today. Way too cheap.
    Last edited by excelsior: 29/04/15
    MEO Price at posting: 1.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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