tradesurfer, if you are inferring they already know the results and they are bad then they will be max 500m down in the well. There is no way they will know any of the result yet.
In my opinion, this is as low risk as they come. The oil field has been discovered, only drilling 1.6km away from HW2, the biggest risk is around the flow, not if the oil is there, sure the well may come up dry, but I would expect them to be drilling closer to the centre of the field not on the outer area so risk should be lower.
JKA Price at posting:
13.6¢ Sentiment: LT Buy Disclosure: Held