Dear all, My understanding is that the first thing we should expect is the interpretations from the drilling work that ESG has done on the leases. Fresh drilling in PEL 6 will happen before end of year but I am unsure as to when it will commence.
PS this is all public knowledge. I have just been doing some in person enquiries to confirm my understanding of the numbers that have been bandied around, such as the 3,500BCF of Oil in Place (Note the anagram, OIP) which, I have been advised, pertains solely to the estimated CSG in the 3 JV leases PEL 455, 427 and 428 and excludes the Conventional Oil and Gas and excludes the Darling Basin prospects.
OIP Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
