great purchase

The Oliver oil and gas discovery, located in the Timor Sea, Australia, presently contains a hydrocarbon column of 178.5 m, composed of 164 m of gas over a 14.5 m oil leg, and is filled to spillpoint. In well Oliver-1, GOI mapping has delineated a gross paleo-oil column of between 99 and 132 m within the present gas leg. This corresponds to original oil in place of up to 200 million bbl, considerably greater than the 45 million bbl of oil presently reservoired. The displacement of up to 155 million bbl of oil from this structure has high-graded the prospectivity of tilted fault blocks updip from the Oliver structure

Excerpt from AAPG Bulletin, sept 2002