Wet Gas business

Attached are the results of the "highly successful" wet gas campaign with STO:

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6	Column 7
0	Well #	Well	Success	Depth (m)	Patchawarra/pay (m)	Tirrawarra/pay	Unconv. Potential
1	1	Varanus South-1	Yes-wet gas	3,154	365/18	379/9.0
2	2	Yarowinnie South-1	Yes-wet gas	3,142	410/15
3	3	Aquamarine-1	No-sub comm.	n/a	n/a
4	4	Nulla North-1	Yes-wet gas		251/4.8
5	5	Kyanite-1	Yes-wet gas	3,354	534/24.2	59/8.5	yes
6	6	Spinel- 1	Yes-wet gas		510/11.3	58/2.5	yes
7	7	Emery-1	Yes-wet gas	3,262	533/18.6	37/7.7	yes
8	8	Moonanga South-1	Yes-wet gas	3,177	518/4.3		yes

Also attached is results of the Raven-1 well drilled by STO in 1999, which is still on production:

	Column 1	Column 2	Column 3	Column 4	Column 5
0	Well	Drilled	Success	Reserves (2P)	Production test results
1	Raven 1	1999-SACBJV	Yes-wet gas	~80BCF	9mmscfd/165bblc/d: 10m interval/0.5'' choke

I noted in the STO 2nd Qtr. announcement that the wells 6-8  were reported at 100% STO interest in the exploration section.

The above results on the 8 wells suggests that the Wet Gas business is worth some big money.  DLS needs to firm up reserves required for the STO contract (~270PJs).  At $3-4/GJ, we have some serious well head revenue to book over the next 10 years.  If DLS can secure anything above the 270PJ, I could see an outfit like TOTAL having a look.  DYOR