Some larger than expected figures thrown into this announcement. That kitchen looks enormous, at 4km depth, but what caught my eye was the LPG and condensate figures. Armour calculate general amounts of LPG as being 2065 tonnes per PJ, and 9938 barrels of condensate per PJ, but this new area has LPG 3760 tonnes/PJ and 17000 bbl/PJ. Very large indeed. And a search of Ungabilla shows some very interesting data by Ausam and Origin back in early 2000's.
Yes , we're all waiting for MC 4A flow rates, but this is good news while we're waiting.
AJQ Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held