Ann: Increased Chance of Success for Lockyer Deep Prospect, page-37

Great interpretation - the 90% case does indeed appear conservative based on the above.

Below is from STX earlier in the year, comparing Waitsia 3 and 4 with West Erregulla. In a lot of ways the Lockyer Deep well looks like WE2 - the stacked plays across formations, the bright Kingia, the stacks in the mid and lower Wagina and even a little High Cliff? amplitude response too at LHS of circled area.

Should make for an interesting drill, especially so if another party wants to take a blocking 19.9% stake prior or we see a takeover offer. all IMO.