I would like to have seen not only the intended rig contract for two wells , but an option for at least one more , such option to be exercised sometime during the drilling of the second well. Otherwise we end up with a possible discovery that will need an appraisal well which won’t get drilled this year . So we will be in the familiar BRU position of waiting another year. Life with BRU is what happens when you are waiting for something to happen.
Ann: LOI Executed for Canning Basin Drilling Campaign, page-8
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