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17,111 Posts.
30
08/05/08
00:03
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Ok so not actually drilling in Casino, but it is northern NSW so it does count. I think this was spun out of ESG.
Very high risk - you know what happens to oilers when the dust blows. And I believe this is the first time these areas are being drilled.
Cap ~22, cash ~20, Options 113@30, Top20: 63%.
97% PEL6 Onshore NSW: Unrisked 40mbo/155bcf: Willaroo-1.
Willaroo-1 well should have commenced.
Earn 75% PEL427 Onshore NSW.
Earn 60% PEL428 Onshore NSW.
PEL455 Onshore NSW.
PEL8 Onshore NSW: Unrisked 100mbl/60bcf: Nyngynderry-1 next well to be drilled.
PEL422 Onshore NSW: Unrisked 700bcf.
PEL424 Onshore NSW: Unrisked 2tcf.
PELA73 Onshore NSW.
DYOR!
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