Even more interesting is the strike rate of the drill rig that management have contracted, the Ventia (former Easternwell) 106 which STX-WGO used to drill West Erregulla for 4/4 successful wells (although one they had to go back to and side track WE-3).
Beach have also drilled a lot of holes with it and the only one i can recall that wasn't commercial was Trigg-1 that proved to be tight. Maybe there was more??
But it must have a strike rate of somewhere near 90% with it's Perth Basin drilling into the Kingia of recent years.
Together with some good 3D seismic this is an exciting drill coming up.
Ann: Quarterly Activities and Cashflow Report, page-19
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