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atp 940p

  1. 259 Posts.
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    This annoucement from BPT/ICN regarding ATP855P Farmin could be very good for DLS.
    Our block ATP940P borders both 218 and 855 and is roughly the same size as either of these 2 blocks.
    The following comment from BL comes from a report on Native Title dated the 23/12/2010
    "Mr. Lingo continued �Reaching agreement over this area was very important for Drillsearch and in
    particular the ATP 940P area. Drillsearch�s technical assessment of this block is highly encouraging
    for conventional oil and gas and we believe this block also holds a major position in the emerging
    shale gas fairway in the Nappamerri Trough of the Cooper Basin. We believe the position we hold
    actually is a sweet spot in the emerging shale gas play in the Central Cooper Basin. The results
    publicly announced about Beach�s Encounter-1 shale gas exploration well are extremely
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    encouraging for us showing approximately 200 meters of very gassy shale seams located right on
    the Western Boundary of ATP 940P which covers approximately 2500 km2. Encounter-1 was
    drilled within 4.2 km of the ATP 940P boundary. This result and the technical work we have been
    doing on this block over the last year give us a great deal of confidence of the very significant
    potential we hold in the heart of this play.�
    For further information please contact:
    Brad Lingo
    Managing Director"

    Also have a look at the map on page 17 of the following report
    http://www.drillsearch.com.au/LinkClick.aspx?fileticket=1koVsJGCm6k%3d&tabid=3383&mid=6093&language=en-AU
 
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