Ann: Drilling at ST 224 Progressing as Planned - Nearing target, page-54

If ST 224 is a producer, the biggest benefit to OEL is as Stumpy says, a second income stream. MA very aware of this situation from the years of having Galoc as the only source of income (and no income when down), and has stated as much.

There is a high chance for ST 224 to succeed (Bul 1 trend prolific) and be the second income stream.
If so, then the current rig will probably complete the well before leaving imo.
Bringing it into production later will be fairly quick as there are several production platforms close enough for ST 224 to be tied straight into.

If we get a producer at ST 224, they will more than likely drill the follow up high side success case extension well to the east fairly quickly, also getting tied in to an existing production platform.

Yes, a success at ST 224 would also bode well for ST 235 to the south of 224, and as you say on another thread, we'll also get a 50% interest in either VR 232 or SMI 74 with Byron.
OEL has already exercised it's option to FI to Biv Pk.....this is the drill I most look forward to next yr.

I note from W&T presos that they've also got some other shelf blocks at 100% to explore, perhaps we're looking at some of them for a FI?

Lot of opportunity left here I feel. Exciting short and long term for OEL now with a good strategy in the GoM. Glad I waited around.