Annual report out this morning........GGX boss Dr Munns...

Annual report out this morning........GGX boss Dr Munns (somebody not out of place on the board of Woodside - in my view).......quite bullish in the report.

For the first time from Dr Munns, in the annual report, we have heard this comment re New Zealand well....

"......maturation and charge risk for the prospect are relatively low"

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What Is Hydrocarbon Charge?

Simply, and most usefully, hydrocarbon charge is the filling, with hydrocarbon fluids, of traps (prospects) within a basin. Where as trapping configurations and reservoir characteristics of a prospect may be very local in scale, the hydrocarbon charge of a prospect may involve a significant portion of the basin.