BobWe need to find gas bearing reservoir first at Grace-1, after...

Bob

We need to find gas bearing reservoir first at Grace-1, after farmin out & avoiding our own cash burn. So, depending on a successful result one could expect any gas found at Grace-1, to supplement the cumulative resource at Greater Poseidon & the opposite if they intersect water bearing or thinner payzone below the Volcanics. It sits along a steeply dipping section in a faulted block, NE of Buffon-1. So, anyone who's being in their data-room will b vary of this & might want to signal their intent soon by coming onboard.

As per BobH's BRR summary earlier in the month frm the latest preso, its all abt farmin out their stake to fund their activity in the Browse or SA, for a few more years. Development will come in time, its all abt exploration/ appraisal drilling for now.

Liberty's block WA-482P also has some heavyweight neighbours all around. The unlucky CNOOC (WA-484P), Repsol who r shooting seis now to the north at 482P, Apache & Woodside & Finder Explr to the south. So that farmout will b interesting in time after KAR identify more targets after shooting their own 3Dseis.

Hoping for an update on Proteus-1 & Bilby-1 nxt week. Probably reached TD & running logs, or something of that order.