Ann: Exploration Update, page-113

Still beggar's belief that the pathetic reason given by Stu as to why they didn't take a gas sample in SE-2 before moving the rig off to drill SE-3 is that the RCX tool was malfunctioning.....your 4 hours from Perth for god sakes, hotshot some spares up and get on with it. Would have highlighted the wet resevoir on SE-2 immediately and potentially put a hold on SE-3 while they investigated the findings, instead of running headlong into SE-3 and getting the same result. Not waiting that additional time to get the sample before moving on has been a monumental mistake, costing shareholders hundreds of millions in MC. Overconfidence? or just plain inept....

Interpreting water on logs is understandable if your Rw and Sw are off...but there is a reason you conduct multiple tests and samples, we have just witnessed the reason first hand.