Ann: Greater Erregulla Update, page-97

Just looking up the Greater Erregulla area for future possibilities, and one possibility that has not been mentioned is the chance of the JV drilling the first well in South Erregulla.

I've been looking at the centre of the prospect probably like most here, but what would stop the JV from drilling the first hole on the part of SE that extends into EP469?

The Minjiny 3D will extend into EP469 and should there be a suitable spot to drill, then why shouldn't Strike include our partner in the initial drilling?? It would reduce our risk while keeping all the upside open.

Another aspect would be that we could use some of the borrowed funds to do it, putting off any cap raise until after this northern part of SE had been drilled.
Eventually there will be a well somewhere on EP469 anyway (given well spacings on other fields), should the field hold gas, so why not drill it first?

Our partner will gain if SE is successful at all, so why not make them spend half the cash in drilling it, instead of us taking all the risk?? Beach of course gets a free ride by having some of their ground holding a part of SE, but with Waitsia they do not need to drill for a few years, so we can't wait for them to go first.