Damn, forgot to add, that the Arno-1 Discovery could well link to the Marino-1 (which found oil, but not enough to be commercial, so the Arno field could extend that far) well 2kms to the north...
Here is the ASX announcement which includes the pre-drill estimates (which end up being extremely accurate) except for not knowing about the Murta formation.
Lots more drilling to be done to truly prove up all of the above resources, but its a hell of a lot more likely they will find more oil than if they were drilling new structures. I mean Arno-1 flowed at apprx 850bopd (extrapolated number).
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