update, page-9

Spawk

My view that it is not gas, we would already have seen gas.

Its either oil or water.

I hope for oil, why?

If you look back at the drilling report you can see that they did occasionally get mud circulation whilst drilling this section, I bet some of the recovered Nullar limestone rock chips had slight oil staining, hence EGO back in.

Thats my only rational for EGO fronting up the money. With oil at these prices the back in prices are not too high.

cheers

PC43