Ann: WA-481-P Update - 3 October 2017, page-2

Got a good feeling about this one.....
"HIGHLIGHTS § Xanadu-1 oil discovery immediately adjacent to WA-481-P validates the Joint Venture’s view on hydrocarbon prospectivity and exploration strategy; § Quality Irwin River reservoir sands interpreted from wireline logs; § Supports long distance migration from western fetch area of Cliff Head, therefore de-risking a number of large oil prospects in WA-481-P; and § The WA-481-P Joint Venture is making positive steps towards de-risking analogue structures representing >80% of the identified prospects in the permit. The WA-481-P Joint Venture (Pilot Energy 60%, Key Energy 40%) notes with keen interest the discovery of oil in reservoir quality sands of the Irwin River Coal Measures (IRCM) by the Xanadu-1 well in TP/15, as announced by the Norwest Energy NL on 25 September.