patchawarra flows unconventionally at 2.6 mmsc, page-7

I'm not sure how relevant BPT's results are. I think the sell down of BPT and ICN was over the top. And the results are so early they can't inform a good assessment of the economic viability of shale in OZ.

More importantly, BPT is drilling the Patchawarra formation.

The Patchawarra trough, where AQO has it acreage, is the next frontier for shale and unconventional drilling. In some ways, it is exciting that it may receive extra attention if the Nappamerri trough (BPT/ICN) is not as good as hoped, although success in Nappamerri will definitely help AQO as well.

Shale will be produced economically in Australia eventually. We are still in the process of finding out where the cheapest place to produce from is.