Ann: Quarterly Activities and Cash Flow Report , page-9

re: Ann: Quarterly Activities and Cash Flow R... Striebs, second go at this as I pressed the wrong button when the doorbell rang and I lost the lot. Damn nuisance!

“The plan to date has as far as I know been 100% unconventional and the plan for the second year of phase-1 is what they are agreeing at the moment.”
Yes, you are right, no conventional. It would not surprise me though that they encountered hydrocarbons in the Hagen formation which is just above the Basal Arthur Creek shale, but due to their programme, focussed on the latter. JMO.

I just don't see any reason to be optimistic that if Statoil were to become operator sooner rather than later that they would drill some conventional prospects to suit Baraka and PFC.”
You may well be right and I share your concerns, however there are (according to the Ryder-Scott report) prospects in the Hagen member which may contain conventional hydrocarbons above the shale which may prove attractive.

“PFC/Statoil's approach of three very expensive horizontal wells contrasts with Norwest and AWE's conservative approach with Arrowsmith-2 which is vertical with small fracs of each horizon.”
Yes two different approaches to assess – NWE/AWE/Bharat have more expense to come if and when they drill any horizontal. If not already completed, they are also going to run 3D over the kockatea to assess the aerial extent of that formation. Assessment of stabilised flow for all zones was going to be around 3-4 months. Well into that now. Some frustration of the part of share-holders is surfacing as well from the dearth of current information.
Bear in mind though, the depth comparison of MacIntyre 2H well including the horizontal section…around 3000 metres all up against NWE’s vertical drill of 3340 metres. I presume the economics of a “once off” mobilisation due to location, rig availability and weather conditions would have been considered by PFC as the preferred option.
With all the above said, decisions will need to be made fairly soon as to what direction they take next.
Regards.