Waylering 7, page-243

WE Drilling campaign grossly over budget ?
Poor budgeting good drilling results.

Hugely costly wells by PB standards

FID WE where is it ?
Expected Q3 this CY pending alignment with Hancock. Not long now.
First proposed by STX in 2021



Geothermal ?
On the back burner targeting lower hanging fruit while keeping balance sheet in tact. Smart strategy.
Why smart? Try too difficult

Haber ?
Good concept at the time. Economics not as attractive with the high Dom gas prices and forecast to remain that way.
Whole point was to use the filled to spill SE field gas in Haber. No gas=no Haber

1.2 TCF WE ?
Ongoing. Drilling ED in June may get us 1 step closer.
Wrong. 1.2TCF was the announcement Stuart made as to what he expected would be certified at WE2. Warrego publicly disagreed. All back in 2019.

1.6 TCF SE ?
Struck out this time. Still salvage decent value here. Kadathinni the new SE?
Agreed he struck out. He should never have said anything about 1.6tcf or filled to spill, especially without any 3D seismic. Kadathinni is years away, ludicrous to suggest it can affect values now.

A shame you stopped you might have got to the most relevant drill for the thread being W5.
It's tiny and compartmentalised and short life. If that's the most relevant drill then clutching at straws is a kind analogy.....

Yes my glass is half full. of water from the world's largest perched water lens in WE????