Ann: Quarterly report for the period ended 30 September 2021, page-53

Drilling for oil in the Western Flank takes only one week including assembling and disassembling of oil rig. With one dedicated oil rig now about to start drilling for oil, it shouldn’t take too long now to get some results. Will most of these oil exploration wells be unsuccessful?
In answer to this question I am reminded of the encouraging words of a CEO of one of the big oil companies who once said: The best place to look for oil is in areas where they have found oil.

Just in case some may have missed this portion that puts out BPT’s oil plans in the Western Flank, here is the extract:

Following completion of the gas exploration program, the rig will move to ex PEL 104 to undertake a two well horizontal development program within the Birkhead reservoir of the Growler and Spitfire fields. Production from these two wells is expected to commence in H2 FY22.
The rig will then move to ex PEL 91 and drill a total of three horizontal development wells in the McKinlay
reservoir of the Balgowan and Kalladeina fields before moving to drill at least two appraisal/development wells in the ex PEL 104 Martlet field. The rig is then anticipated to move to drill up to 15 oil exploration wells in various licences throughout the Western Flank.


PS
Gas exploration in western flank is almost complete.