re: Ann: Progress Report-ISIS Report -Georgin... >Basically the oil is of poor to fair quality, they dont know how much oil their is, and they dont understand the situation. Thats all good?
Thats how I think most people have read it.
Very few wells have been drilled in the area, but those that have include Elk-2, Elk-6, Elk-7A, Ross-1. Abundant oil was found in the deepest well, and additionally moderate oil shows for some wells at very shallow depths.
I encourage all potential (and existing) investors to read the Volk paper, http://conferences.minerals.nt.gov.au/cabsproceedings/Final_papers/P40_Volk_et_al.pdf
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Ann: Progress Report-ISIS Report -Georgina basin , page-66
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