Hawkeye is shallower and closer to the source so is a considerably cheaper test of the petroleum system. It is also a considerably smaller prospect than Cinco but if oil prone will provide Otto shareholders with the right outcome.
BHPB wanted to drill Cinco because it was on trend with Malampaya - a similar large carbonate reef structure. With BHPB size is everything. Lets not forget that they exited multiple regions and continue to market producing petroleum assets that are 'non-core' (not big enough). In the end, Otto are testing a petroleum system without putting their hands in their pocket and in the current environment, that's a great outcome.
Capital Return, page-31
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