Have been reading the latest IBP presentation (19th Dec).They...

Have been reading the latest IBP presentation (19th Dec).
They are promoting a theory that there is a string of substantial oil/gas fields that run South / South East from the Cornea field and are basically on the basin pinchout surrounding the Inpex fields.
Page 5 makes interesting reading for Cornea holders as IBP are stating on page 5 that Cornea may actually be several hundred million bbls of oil in place. Admitably, the rocks at Cornea are erratic and fractured but with modern completion technology, this is not such a big problem. With a big equity position and some scope for player consolidation, I wouldn't be surprised to see Cornea come into prominence.