just ran the eyes over the drilling report. Pretty impressive.
The big question I need answered is >> why are they rushing towards drilling the Bowen basin when they do not even have a pipeline there? Why do they need all these reserves anyway?
Since the December drill update, they have put in 9 additional pilots in ATP364 >> This is over a 30% increase in their current pilots in the area bringing them to 24. WOW!
They are smashing there exploration wells out keeping up an average rate of 12 a month. Very impressive.
All those reserves and no home for it to go to. Very confusing that they are drilling the Bowen, yet the gas for the FL LNG is coming from the surat. Kind of around the other way you would expect? hmmmm
Or maybe there is something I am missing :)
SF
AOE Price at posting:
$3.32 Sentiment: Buy Disclosure: Held
