200million barrel onshore poss 50 plus bagger, page-23

Your a researching machine vayama!

Well we have a large surface anticline, live high quality thermogenic oil seeps(ie not from an old car), mture source rocks with proven hydrocarbon characteristis, siesmic showing anticline extends to depth with large sedimentary sections, a very large structure with potential to conation 200 million barrels of oil if oil is present.

Big week for GGX. LAte Fri announcment of strong new managing director Mr Morton who established ESG petroleum reserves, and and new prospective permit(100%) for only 6 million shares, awaiting news on KATE-1 spud date....
plus french licences due soon, tanon straight news on japex exploration...GGX big potential

"The Canterbury basin is barely explored and highly prospective. Its geology is similar to the producing basins of Taranaki and South Australia, which formed at the same time and were adjacent during Cretaceous rifting.

Late Cretaceous source rocks in particular have comparable petroleum generation characteristics to most Late Cretaceous-Tertiary coaly sediments in the Taranaki basin. They have excellent potential for generation and expulsion of oil as well as gas, attributable to marine influence within the depositional environment. The offshore Galleon-1 discovery proves a working petroleum system within the basin"