Drilling Report No. 14, page-38

Dapper,
I am sure it would be announced to the market but with a full analysis of the well.If it was considered uneconomic I feel like there will be encouragement in the announcement from what they analysed.Their recent presentation to the good oil conference had a lot to be optimistic about.
In addition the large gas discovery by AWE is only 20km away from the boundary with ep437.The announcement of the large gas discovery by AWE has increased its sp by 30c or $165 million for a 50% share.I am not a petroleum geologist so I cannot give an informed comment ep437 as to comparisons in the geology but ep437 does have an active petroleum system. Interesting the basement of Dunnart#2 had oil seeps which was said to have" the potential for large oil play"
The Senecio well was deepened 600 metres past its TD on the result of elevated gas readings and then found the large new reservoir.
Additional interest in Key could come from the Canning Basin where Buru is going to become a lot more active with a drilling programme after a long period of inactivity. They are in a trading halt with a new cornerstone investor apparently to come on board and the raising of purported to be $50million in addition to the $35 million they already have to drive the new drilling programme.