They recovered light (39%) oil which would be a better quality than CH. The better analogy I have seen is that it is similar to Hovea ( Dongara sandstone)rather than CH in quality.Light oil with a small gas cap.
Early numbers are 20-40?????????? mmb in place with 35% recovery. But it could be measurably larger. Pick a number between 10-40m recoverable. CH is at the lower end of that.
Finally our oilies have had some luck through hard work. Also why so little reaction to ROCs sp.
ARQ Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
