I don't think any of us is any wiser about SN's sudden departure. I agree it is related to WE, more specifically the potential fractured relationship with our JV partner.
I have no idea when OH2 will likely be drilled. As JH stated on the last call, we now have the complete interpreted data, as well as a firmed drill candidate. It is entirely up to PS if and when to drill it. Given it was mentioned that the last drill rig will leave the PB towards the end of this year, I would personally be very annoyed if it wasn't drilled before then as we would be up for a very costly rig mobilisation cost after it has left the PB.
It is a no brainer IMO. 10-15mn for an appraisal well to prove up and kick-start a 300PJ low cost, fast to market gas field, one that qualifies for the export market too.
618
STX Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
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