ozblue,
can't say I agree entirely about your assessment of WE3 not making a big difference. Far less is known about the outer reaches of West Erregulla than it's guts where WE2 was drilled. WE3 could deliver unexpected upside, especially as big discoveries have a habit of getting bigger. Discovery of known unknown's is a big reason for WE3.
I admit that WE4 (which will be very close to WE2) will be an exciting well, especially as it's testing the Wagina sequence which could add a potential 300bcf (ie very material) to 2C resources at WE but understanding the broader picture at WE could bring less anticipated but also welcome surprises. I think WE3 will but that is pure spec by me!
HC
Speculative Value, page-81
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