Waitsia Reserve write-down : a warning sign for Lockyer Deep, page-17

Correct, it's mapped off the Hovea-Corybas well complex in my opinion won't be as valid as the West Erregulla results, which only started to come in wet at 4,800TVDSS at similar pressures. Our current estimate for Lockyer is 4,560TVDSS, which is in my opinion too conservative. Gas/water contact points in the Perth Basin should really be related to the base structure of the geology in the region, with longitude below the Alanooka fault separating those above. Therefore, latitudinal separation should occur on the interpretation and Lockyer be related to West Erregulla. Our complex at Lockyer should have been re-adjusted to 130km2 aerial extent on this basis alone.

DYOR