Found this information while having a look around the Oilex Ltd...

Found this information while having a look around the Oilex Ltd web site. Some interesting additional detail possibly.

"PROSPECTS
The portfolio of prospects in JPDA 06-103 comprises over 20 structural closures. Drilling locations have been
selected for the first two wells on prospects with recoverable mean prospective resources (on 100% basis) of 195 million barrels of oil (Loré) and 90 million barrels of oil (Lolotoe).
PROSPECTIVE RESOURCES – OIL PROSPECT (probability in million stock tank barrels recoverable)
P90 P50 P10 MEAN
LORÉ 20 102 515 195
LOLOTOE 14 57 220 90
RANGE OF PROSPECTIVE RESOURCES ON 100% BASIS, LORE & LOLOTOE PROSPECTS JPDA 06-103
The prospect portfolio was prioritised on the basis of potential resource volume and technical risk. While oil is theanticipated hydrocarbon phase based on nearest offset discoveries, the possibility also exists for significant gascondensate finds in the block. Conoco-Phillips’ Bayu Undan gas condensate field is located about 40km to the
south of JPDA 06-103.
JPDA 06-103 lies close to significant recent discoveries and prolific producing fields further to the west along
geological trend. ENI’s 2008 discovery at Kitan, located in the adjacent PSC to the west of JPDA 06-103, is now
under development and wells and fields to the south and west of JPDA 06-103 have demonstrated exceptionally
high productivity on testing oil. The Kitan-1 discovery well is reported to have flowed oil at a rate of 6,300 bopd
from a drill stem test in the Elang/Plover Formation. The discovery was followed by an appraisal well, Kitan-2, that
confirmed its commercial viability.
The Maura 3D seismic survey (2,140 km2), in combination with existing 3D seismic data in the block, provides 3D
seismic coverage over about 90% of the contract area. The seismic data quality is excellent and the definition of
events at the level of the top primary objective − the Elang and Plover Formation reservoirs – allows for
interpretation with a higher level of confidence than previously achievable using older seismic data.
Prospects were mapped in detail based on the integrated set of new 3D, regional 2D and older, reprocessed 3D
seismic data and regional well data.
ENDS
Well that certainly sounds promising.
I hope you can work out the Prospective resources details in the middle of the announcement since the chart did not copy as a chart.
If confused go to the original on the Oilex site. It's in the media release on the 25th September.
If this one works out then PPP will have another good one which could possibly e even more productive than the "Red Emperor"