There is undoubtedly much comfort in knowing that SE2 is updip of SE1.
I did not know that , have not been following STX that closely .
About the only way SE2 would be a dud is if it is in a completely separated compartment to SE1 .
It is not the end of the world if SE3 is not a producer .
Failed appraisal wells are not uncommon .
MIN and BPT can attest to that in the same rocks in the Perth basin .
STX has had 100% success rate before this and it had to end at some stage.
If the flowrate had have been as expected the SP would have moved close to 50c .
I am not sure a drop to 30c is justified .
A 40% drop in the overall value of the business in the difference of failure and success in one appraisal well ?
Ann: South Erregulla Update, page-108
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