It just goes to show. Sinogas have in my opinion got the sweet...

It just goes to show. Sinogas have in my opinion got the sweet spot central area. They know full well the fringes of accumulations in tight gas area's are VERY VERY TIGHT, which appears to be why they did not bother with this license area when Camac put it up for sale.

Given the 4 wells drilled by Camac and now this effort by LRL its looking to me like the license area is no good, going to be very very tight and probably not viable in my view, which is why of course Camac sold it I think.

The Return On Investment, in my view, with such tight reservoir (unlike Sinogas area) is going to be marginal at best and not viable at worst due to possibly very very small drainage area per well - leading to a very valid potential reason why Camac sold it off.