Previously from STU:"Arwon is assessed to contain up to 15.5...

Previously from STU:
"Arwon is assessed to contain up to 15.5 million barrels of oil in place in three reservoirs [McKinlay, Birkhead and Hutton] and 2.5 BCF of gas in place in the lowermost Patchawarra formation.

The assessed potential 2P ultimate recovery for Arwon is 5 million barrels".
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"The well is expected to reach its first target after 6 days of drilling and to be at total depth after 14 days of drilling".
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"The Arwon well is expected to spud on or about
Thursday 23rd September 2004".

That could be today.

My post 371005 of 21 Sept. gave a guided share price should the ARWON well be successful. That is about $2.20. Current price is $1.03.

Proving up a well constitutes risk. Please do not invest if you can't afford this risk or can't tolerate it.

Gerry
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