A big part has been derisked. Now to see if we have good flows....

A big part has been derisked. Now to see if we have good flows. Liquids would be a bonus. Thrum has Carl mentioned the chances of finding liquids? I know they downplayed it by saying they don't expect any.

A key geological risk for the Cooper Basin is that the
target shales are non-marine, having been deposited in a
lacustrine environment. This increases the risk of high clay
content. Initial mineralogical data suggests that clay content is
low (20%) with quartz about 50% and carbonate (siderite) 30%.
If these parameters are correct then the shale should respond
well to fraccing. However, the minerals analysis so far is from
cuttings with core data not yet available publicly.

Parts of the basin may produce valuable liquids
by-product. Most of the Nappamerri trough is considered
mature for gas but flanks of the trough are interpreted to be
within the ?wet gas window? which is conducive to liquids
production.