Hi EyeoftheTiger, The Lockyer Deep Project is in Phase 1 of the standard project development and execution process. By far the most important input to Phase 1, before making a decision to progress to Phase 2 or not, is the size of the gas resource and drilling appraisal holes (Lockyer Deep 2 and North Erregulla Deep 1) to narrow the resource uncertainty range. In my view, discussing development risk and cost in Phase 1, is premature and should be considered in Phase 2.
My learned colleague, I cannot understand why it would be irresponsible of you making your thinking visible by providing me with your thoughts on Lockyer Deep low-side subsurface inputs to the volumeter estimate since we are only in Phase 1 of the process.
Kind regards OldGeo
NWE Price at posting:
6.8¢ Sentiment: Buy Disclosure: Held
