what an opportunity - an npv of 50c per well, page-7

from ctp's website:

"The Amadeus Basin is a proven hydrocarbon province, with the Mereenie (oil and gas) and the Palm Valley (gas) Fields currently in production. This basin is under explored by any measure, having had an average of only 1 exploration well drilled per 5,000 km2. Even so, the success rate of over 4 million boe discovered on average for each exploration well is twice that of the Perth or Cooper Basins, and many times that of the Surat Basin. It is important to recognize that the structures in the Amadeus, while being testable by relatively shallow wells of less than 2,000 m, appear to be numerous and some as cited by the Independent Geologist are very large indeed."

so there is no direct comparison here...merely the inference the reader makes when they read that the amadeus basin "is a proven hydrocarbon province, with Mereenie etc"

certainly would be nice to know the facts i agree :)