Wooooo Hooooo Go BPH :)$$$$$$, page-34927

I have 2cents to add about the 3D seismic debate.

1) After the 2010 drill failed to yield hydrocarbons, the permit was eventually up for renewal in 2011 (approved in 2012). [source: https://public.neats.nopta.gov.au/Opggs/Title/81775e2a-8d46-47f7-91c9-de6f10feca90] "Hydrocarbons were not recorded" source: 11 Feb 2011, ASX:MMR, Advent Energy Limited - Operations Update.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2995-01150168-6A528619&v=fc9bdb61fe50ea61f8225e24ce041a0e155a9400

2) This renewal was approved with a work program that contained 3D (possibly David Breeze's idea).
[source: https://public.neats.nopta.gov.au/Opggs/Title/81775e2a-8d46-47f7-91c9-de6f10feca90]
3) ASX:MMR then concluded after their latest seismic survey: "... the inconclusive nature of aspects of the interpretation have supported the Company's strategy of acquiring 3D seismic to reduce geologic target risk ahead of further exploration drilling..." source: 31 Dec 2018, ASX:MMR, Advent Energy - Exploration Update

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2995-02063943-6A915386&v=fc9bdb61fe50ea61f8225e24ce041a0e155a9400

4) ASX:MMR also wrote: "As expected, the 2D seismic data acquired earlier in 2018, whilst encouraging the prospectivity of PEP11, has not sufficiently de-risked PEP11 to justify the drilling of a new exploration well therein. Acquisition of new 3D data at the earliest opportunity will be undertaken..." source: 31 Dec 2018, ASX:MMR, Advent Energy - Exploration Update

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2995-02063943-6A915386&v=fc9bdb61fe50ea61f8225e24ce041a0e155a9400

Therefore, I think Googs/samcharlotte77 won that debate. The last seismic survey was "inconclusive" and did not "sufficiently de-risk PEP11 to justify the drilling of a new exploration well therein".