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trader11 - Fri, 29 Dec 06 :

Preliminary work completed by the Joint Venture included interpretation of 530
square kilometres of 3D seismic. A number of leads have been recognised in the
prospective stratigraphic/structural settings at various depths ranging from
1,000 metres to 4,000 metres. Having refined the shallow leads through reservoir
engineering data from nearby producing analogues, the Wandoo Joint Venture has
concluded that the prospect has a high outcome probability of success on
drilling.


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