I am cautiously optimistic with this well...in terms of it may...

I am cautiously optimistic with this well...
in terms of it may be in a potential a "sweet spot".
The signs are positive...

..Historical reporting of gas flowing up to 18ml cft/day
..Current evidence of good psi which should support
good flow rates etc.

..Tindalo well [off shore]at around 1900 mtrs depth
in similar Miocene Reef play was an oil discovery
of around 10 mls barrels..but no gas!!

Importantly GGX has established that reservoir quality
for gas intervals is very good.Oil unknown at this stage

My guess if workover successful could be around 5-10 mill
bboe..which could result in share price of around
20c-40c. Time will tell..but signs positive so far.

Cheers.