As STU followers know, STU have until 31 March, 2009 to elect to drill a second well in VIC/P33 and in so doing will earn 50% interest in the permit. By not drilling this second well they will end up with no interest in that permit.
Given Bazard 1 cost around $28 million I presume that the STU guys analysising the techncial data through a microscope so they can make a best guess decision.
Does anyone have any views regarding the prospectivity of Vic/P33 and a potential Bazzard 2, or what the market reaction will be if STU do/don't drill Bazzard 2?
bazzard2?
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