Strike Energy's West Erregulla-2 well would have cost a lot more than $10m to drill.
Perth basin "exploration" wells aren't frontier basin wells like IVZ is drilling...it's a totally different kettle of fish in every respect.
Fro my perspective as a Geologist...in the Perth Basin youre drilling with at least some sort of offset well control while in a frontier basin youre nearest offset well is in a different basin.
Ann: Hydrocarbon Samples from Mukuyu-2 Discovery at Laboratory, page-296
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