see ann today on AWE Waitsia's profile - Very interesting - best news is for UIL reservoir porosity is NOT depth dependant but related to diagenisis - so all those lower stratigraphic sections never drilled in the southern and eastern areas of the perth basin though more expensive to drill become clearly high priorty targets and forget the upper triassic cretaceous gas shows and drill for the permian - if you find gas in the upper secions that is a plus.
the perth basin really is nw open for business and uil have taken up a fair chunck - however it will be sometime before any real action is seen - super patient for these guys
UIL Price at posting:
6.7¢ Sentiment: Buy Disclosure: Held
