All these questions would be better directed to the company rather than relying on a forum where 'experts' solicit their advice. Ask the company why they are drilling Blackwood, or speak to someone present at the last meeting in Melbourne.
If they had a choice, they would not be drilling there now, BUT..... Blackwood was drilled because they were locked into a 3 well contract with Seadrill - basically, they had to drill somewhere so they picked the next best thing to Heron - Blackwood.
Heron is the focus, if Blackwood comes up trumps then lovely, but I don't expect my money to be made until later in the year.
DYOR, I may be as full of $hit as the next poster ;)
MEO Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held