Ann: PEL 456 EXPLORATION UPDATE , page-4

What's nice about those results SF?

They look poor to me. Only the first well had any decent gas and there's no DST for it. The other permeabilities were poor but about what you'd expect for such deep wells. 1000m is not good CSG depth.

I'd say these results identify an area for further testing and an area not to waste any more money on. But you're obviously a lot more excited by them than I am. :)

Cheers