Yes, they mirror some of the comments by our management team...

Yes, they mirror some of the comments by our management team about multi TCF in the deep Permian sandstones. Very interesting. The Santos Shell allocation butts up against our ATP647 to the north, PL71, ATP2029 and 2030 to the south, and our new grant of PRL-2-4 to the west. An excerpt from an article yesterday:

Santos and Shell have made sure that they are the preferred bidders for one of several new exploration tenements released by the state government on Thursday.
The 400 square kilometres of Surat Basin scrub that the pair have eyes for sits just to the south of the national gas hub of Wallumbilla and it hosts layers of deep sandstone that the new joint venture believes are prospective for material reservoirs of tight gas and condensate.
"If the play works then we believe there is multi-TCF potential across it," Santos chief executive Kevin Gallagher told The Australian Financial Review on Thursday.
"So it is something that we are very excited about, though it is far too early to say what that is going to look like," he said.
"The next step for us is to work hard to develop activity plans for the next couple of years, to start testing it and appraising it," Gallagher added.
That work will likely be informed by the folk at Shell. The licence captured by the 50-50 joint venture includes legacy blocks released by BG Group, which won the race to open Queensland's export gas campaign and which is now owned by Shell.

Apparently Shell has done some exploration of blocks next to this new one and it is as excited as Gallagher about the potential of those deep sandstones.