I think chances of success at Stitch are nearer to 1 in 7 but don't forget that they will complete it as a CBM well in any event.The issue of whether STO walked is a non issue.Time ran out but they could have stayed if they had wanted to.STO has walked or not participated in several other wells where they had drilling rights in the past. They turned out to be good discoveries.Their tech team is one of the worst in the oil business.Underpaid in Adelaide just doesn't cut it.Having said all that, Stitch may well be a duster but I'm in for the CBM which is low risk and high reward.Stitch could still surprise though.
Occam
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