KEY 0.00% 0.1¢ key petroleum limited

oil and gas shows, page-5

  1. 2,429 Posts.
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    This was pretty much what I was waiting for. Just a shame to come off such a low base.

    The colour of the shows suggests a nice light crude getting up to API 45 which is much higher than I was expecting. The Goldwyer here exhibits characteristics of the Bakken and compositionally seems amenable to fracking. So although there probably won't be an unfracked flow here, it's highly, highly prospective. Expect to see BRU start talking up their 3 billion barrels unconventional at some point (perhaps after a few more drills into their Goldwyer). Although redundant given the oil show, the background gas is also wet/oily
    It's everything NSE's last drill wasn't.
 
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