Ann: OBL Completes New Mapping of Derby Block for 2016 Drilling, page-3

What's not to like??

Appears to be the first clear "updated" generalised view of the BCG system in the Fitzroy Trough.

HIGHLIGHTS

• $4M 533km 2D  Seismic replaced with 2016 drilling - 2 deep wells
• New plays delineated - based on new public data release
• New prospects defined
• Multiple well sites for 2016 and subsequent years WP's - all at drillable depths less than 4000m
• Imminent significant independent upgrade of risked P50 prospective recoverable resources
• Farmout ready
• Surrounded by oil fields to the north and Buru's nearby wet TGS at Valhalla/Paradise to the east and Yulleroo gas field to the south west Derby Block by any measure has to now be the best addressed permit for wet BCG generation in the Canning.

All IMO and DYOR