It will be interesting to see where the best drill location would be at APUS - it would be tantalising if in WA-438-P. It gives CVN a 30% stake rather than 20%. May even provide an option for a free drill for a transfer of the extra 10% equity in the block to Santos. Although given that PAVO is also in that block may be best to bank the extra 10%. However funding across these investments may get tricky if the the 3D Seismic delivers compelling results. Options, Options and more Options.
It will be interesting to see where the best drill location...
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