i cant find any information about the pre drill gross estimates from Santos they talk about..
but using the same gross to net figures 107 - 40 gives a nice 37% net
applied to rest 405 gross is 151 Net
and over the complete open hole logged zone from 3455 to 4019 gives 564 gross or 210 Net
they are just figures.. and no idea where the GWC or much about the lower zones, but they would have been drilling very overweight to stop any kick, so you wont get many gas readings, the mud losses where probably in lower pressurized reservoir type sands. nothing is more uncertain then oil and gas
analysts always seem to know more then common people.
really don't know why people sold on reading it was plugged and abandoned. just silly.
OXX Price at posting:
29.0¢ Sentiment: LT Buy Disclosure: Held