Well finally confirmation that the Toolebuc Shale is a serious Play. Management have been ultra cautious with releasing results so the US Labs must consider this very positive.
With over 20,000km2 Shale area there is 44Billion BBls OIP;
recovery at 5%, 2.2Billion BBls plus 80Tcf GIP
All this on top of Katherine conventional Oil discovery?
How long before CNOOC make a bid?
