Ann: Drilling Update - Testing Oil Shows , page-10

In AQO's update today it was mentioned that our primary target the McKinlay formation was being tested to evaluate the oil shows.

Check out the following link below from Drillsearch back in 2011.

http://www.drillsearch.com.au/sites/default/files/document/2012_02_02-Western_Flank_Oil_Development_Update.pdf

They also evaluated the same McKinlay Formation and came back with very good oil flows. Now from what I can gather, drillsearch are on the western side of the cooper basin so flows will be different.

AQO are on the East where Im told is a slower production rate but has a slower decline rate than the western cooper.

Id be very happy if we can pump out somewhere between 200-500bpd from this little company maker.

Bring on the rest of the week!!!