"“The oil and gas shows to date are extremely significant to both the conventional and unconventional potential of this part of the Canning Basin. The oil shows and chromatograph readings mean that the Goldwyer Formation is in the oil generating window and is supported by the relatively low methane levels (C1) and high pentane levels (C5). This is what you would expect in oil generating source rocks and certainly supports the Joint Venture’s view that we have encountered an active petroleum system in this part of the Canning. Further, it upgrades the prospectivity of EP 438 and certainly provides a lot of encouragement for follow up drilling."
Well - gas readings are tapering off. So how many more meters of Goldwyer? Then on towards the next target Willara. Signs of conventional and/or unconventional oil - no complaints from me.
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