I had a read of the Petroleum Wells in Western Australia...

I had a read of the Petroleum Wells in Western Australia Operating 2007 Calendar Year.

Under the section Perth Basin which lists Dunsborough - 1 and others.

The last entry on the data for Dunsborough-1 reads as follows: Status @ 31 Dec 2007 ... P&A OGS

The key to the Status descriptions reads as follows:

P&A OGS = Plugged & Abandoned Dry/Non Producing Oil & Gas Shows.

If it was classified on 31/12/07 as DRY/NON Producing then how did they some how perpetuate the myth of the following:


Extract from ROC's 12/06/07 announcement on Dunsborough-1

Drilling Activity Update: Exploration Drilling 12 JUN 07

KEY POINT

Dunsborough-1 exploration well, WA-286-P, in the offshore Perth Basin, has been classified as a new field oil and gas discovery.

Since ROC’s last Stock Exchange Report on 1 June 2007, Dunsborough-1 has been drilled to a Total Depth of 1,755 metres Below Rotary Table and a comprehensive wireline electrical logging and fluid pressure and sampling programme has been completed. Preliminary interpretation suggests that the well has intersected a minimum 25 metre gross hydrocarbon column of which approximately 18 metres is net pay. The accumulation appears to have a small (<13 metres) gross gas column above an oil column containing light oil (approximately 40o API) in sands of poor to moderate reservoir quality. Pressure data indicate that the total gross hydrocarbon column associated with the Dunsborough structure may be up to 70 metres. Tentative volumetric estimates by ROC suggest that the structure could contain between 20 and 40 million barrels of oil in place.

He forgot to say: between 20 and 40 million barrels of Dry/Non Producing Oil & Gas Shows.