I think there is more chance of the first drill on Yulleroo being ambiguous than there was for Frankland! I think Yulleroo is a good prospect though, but just don't see a conventional vertical well having a high chance of proving things conclusively. I am happy to be patient on the Cnning though, and never expected this are to be an overnight success, but I expected a bit of a clearer result offshore PB to keep the price alive in the meantime. Hopefully Dunsborough will do it for us.
ARQ Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held