Well played by Santos too. They've got out of a 4 year, $65M work program, 70% WI with this, but I'm happy enough.
$12M+ will go a long way to further drills, both at SB, and potentially our NT holdings. And I agree, rather than pay off debt, which although important, is already budgeted for, put it into drilling. We've got this great recent news about our Kincora well reservoirs, the wells are already sunk, just need milling out and stimulating the new zones. Parknook, Warroon, Ungabilla, we can do this.
And still, we retain our incredible Macarthur basin tenements, they're strawberries and cream.
Overall good news (especially for Santos) and more news imminent for our Surat Basin wells this week.
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