Ann: Hickory-1 Well Spudded, page-72

Bill it is very simple, as a PANR shareholder, I know all of these reservoirs are tight on the PANR side of the boundary. There is an extensive set of presentations and webinars that show the data.
Further to that the 88e side is known to be down dip, greater burial depth generally gives greater compression, giving lower porosity and permeability.
There are smaller local exceptions where high energy actions were in play, such as river beds stratifying sands,
I believe they are drilling within 600 ft of the boundary in the calculated hope that the reservoir will still be producible, despite being tighter
Productive reservoir is the greatest risk both companies face, a bit like the goldilocks tale levels, tight but not too tight
The SMD which is the primary target of this drill is 900 ft down dip of the PANR well Talitha as per the 88e link, but it is also the reservoir on the PANR side with better porosity
https://clients3.weblink.com.au/pdf/88E/02508470.pdf