Ann: Dukas Update, page-13

Yep fully agree with all you've said. For a tiddler CTP are running exploration & development on multiple assets concurrently (as operator too), it's a lot to juggle as you rightly point out. Similarly Santos now have OSH to contend with & they hold the keys to the time line of what happens with Dukas as operator...CTP have minimal/no leverage on operations. Considering events it doesn't surprise me STO let the option lapse, doesn't take anything away from Dukas as a prospect, it only means re-configuring participation at a future date however that takes shape.