For those who say that Novo has all of the down dip extension of this play take a look at the map at the Novo site. It's true that Novo has about 25 km southeast of the Purdy discovery but then ARV has another block about 10 km by 20 km in size. Since ARV already had these claims Novo had to stake the claims further southeast of the ARV claims since wits have known to go for 50 km's or more.
http://www.novoresources.com/projects/karratha/comet-wells/
I have to assume at some point specs will wake up to what ARV has regarding this play and stop throwing away shares. I've added 3 times over the past few weeks while others have liquidated their holdings.
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