Hopefully we will get an update this Thursday regarding this well. I went back through the research of Morgan Stanley on arq's websit and found this small statement
-Yulleroo#2 (ARC: 100%), a follow-up to a 1967 wet gas discovery, with up-dip potential. Resource potential of 473-900Bcf plus 17mbbls of liquids.
any thoughts on this given this is an "appraisasl well" i sure hope us holders have some break soon, i also seen on the site they have will conduct an appraisal well for offsore WA (Frankland and Dunsborough) in the early first quater of 2008 which could be very interesting given it could be as big or bigger than cliffhead.
ARQ Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held