"Extremely high COS for a wildcat well, but that's because they already know it can get gas to surface (so it's a sort of semi-wildcat I guess)."
The company has categorized this well as an 'appraisal well' and not a wildcat or semi-wildcat well. Hence the high COS as it flowed gas to surface in the past.
http://www.asx.com.au/asxpdf/20100226/pdf/31nzs9mblpnvry.pdf
see page 2
5.5c cash backed and 3 mind boggling wells, page-186
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