Has anyone read rey's ad on HC? REY has also recently added to...

Has anyone read rey's ad on HC?



REY has also recently added to its Canning Basin play by acquiring what is essentially an option on a 50% interest in the Derby Block (EP487) to the north, which is highly prospective for gas in the Laurel Formation. This is via an agreement with Backreef Oil. ASX listed Oil Basins Limited is the owner of the other 50% and operator of the block. Ownership is dependent on the SAT tribunal giving a positive result for Backreef Oil, where Oil Basins is currently seeking to have Backreef’s grant of EP487 by the WA Government overturned.
EP487 sits to the north of EP457 and EP458:

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Oil Basins considers the Derby Block to be a “potential company making asset” and has released these independent figures for its potential assets:

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Raider