Ann: Apus-1 Drilling Update, page-71

love the optimism but there's still logging data, correlation to seismic, drill planning, environmental approvals for appraisal drilling, optimum well planning (appraisal of field extent, south vs north, proposed oil water contact) that's going to take time before they initiate another drill. Better off to plan these well in advance given they'll be spending ~ 25 Million per well. Would expect a 2-3 well appraisal program per successful field probably mid next year along with some further exploration tagged onto it to assess for additional field/s. I think the additional well program may be more focused at P&A work on santos Legacy assets or further appraisal for some of their Carnarvon basin fields.