If AWE does NOT want to be in the Perth Basin then:
Why would AWE/Horizon/and Latent join forces to buy a specialist rig solely for deep drilling in the Perth Basin?
If AWE don't believe in the Perth Basin then they wouldn't commission a new rig nor drill a single hole - or would they?
Your insight would be valuable laughingnumbat.
My personal take on it, knowing that the 3 parties each have 'options' they can exercise to use the rig is that Perth Basin is a long term project for AWE, with any production several years off.
AWE needs a pipeline of new discoveries to maintain/increase their production levels over the long term.
Joel
AWE Price at posting:
$2.30 Sentiment: LT Buy Disclosure: Not Held
