10 milidarcies, page-6

gassed,
I am pretty sure that the previous drilling results at the Lydia area were not good, with only small ammounts of gas being produced, and masssive stimulation required to give the wells any chance ,(so very likely uneconomic). ICN never released the NSA reports but we know that the wells never cleaned up and never produced more than enough gas for a weekend BBQ.
Stanwell is a Govt owned entity and I imagine its managers are very reluctant to walk away because of the political embarassment.To be fair they should drill a few more wells at carefully selected locations and if no success they need to bite the bullet.
ICN thinks a big drilling program is 4 wells. 25 wells a qtr are required if ICN wants any chance of finding,testing, appraising, and developing reserves needed to meet their Chinese obligations.