That looks fair enough to me . Thanks ! I am not familiar with...

That looks fair enough to me . Thanks !

I am not familiar with the geology of the large nanodarcy tight gas resources such as the Nappammeri Trough of the Cooper and the Laurel formation in the Canning Basin .

As I understand it regionally extensive interbedded siltstones and sandstones . That doesn't tell us whether they would be aiming to stimulate pre-existing fractures as happens in shale production or create new ones .

The Laurel is lower CO2 and supposedly good liquid content but both resources are somewhat deep and it's not easy to see how it would be extracted . I can't visualise 20 acre spacing verticals going ahead .

At least DLS and BPT are starting from a position of having established conventional production first which has paid for the infrastructure .

Things look much tougher for the older basins ; Beetaloo , Amadeus , South Nicholson which don't even have conventional production to build from .

I suspect that Armour Energy have something up there which could become commercial - people seem to have overlooked the high helium content on one of their wells .

As for their trumped Glyde well , it flowed well but they only flowed it for a matter of hours !

An investor could not be sure whether the gas was coming from natural fractures in the shale or the underlying carbonate . Did they have so little confidence that they didn't want to ruin a good story by risking trying to flow it for a week ?

Shallow is good but only if the drilling is not hard going .

Going to be interesting to see how this all pans out .