It will be interesting to see where the best drill location would be at APUS - it would be tantalising if in WA-438-P. It gives CVN a 30% stake rather than 20%. May even provide an option for a free drill for a transfer of the extra 10% equity in the block to Santos. Although given that PAVO is also in that block may be best to bank the extra 10%. However funding across these investments may get tricky if the the 3D Seismic delivers compelling results. Options, Options and more Options.
Ann: Dorado 3D Seismic Data Update, page-7
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