TigrancesI trust that you are right and we will see a good flow...

Tigrances

I trust that you are right and we will see a good flow of announcements.

About the Namoi seam .. I agree that it would be nice to know just what proportion of the 2P and 3P upgrades were from the Namoi seam. And how much of Bibbelwindi/Dewhurst fields are included for that matter .. i.e. to allow us to estimate the upside. No doubt they don't want to give the whole game away so they are keeping the market and other industry players guessing somewhat.

We are not sure either how much of PEL 238's prospective area has Namoi seam in the Upper Maules Creek Formation along with the other seams. But if you assume their distributions are similar ... the extrapolation goes like this:

6,000 PJ contingent and 1,959 3P all from the Bohena (prior to this upgrade) .. so around 8,000 PJ and the Bohena seam is 4-5 times as thick (say 5 to be conservative for the Namoi) ... so 8,000 divided by 5 = 1,600 PJ.

Until we also get an upgrade to the Contingent Resource the above is very much an estimate and that figure should grow!

H