- Large structural closures at Waarre and Flaxman levels.
- Prospects with amplitude and AVO anomalies.
- Combined estimated P50 recoverable resource potential of greater than 2 TCF gas.
- Great upside potential for oil if Early Cretaceous marine source rock present offshore in Morum Sub-basin.
- Prospect selection for drill testing will depend on the results of Bernoulli 3D seismic survey.
- A drilling rig has been contracted to drill either Fermat or Bernoulli. Drill testing anticipated in the second half of 2008, subject to regulatory and Joint Venture approval.
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