Ann: Investor Presentation, page-139

Capital decisions are being made in May, possibly because the PPSA will add full disclosure to a farmin or Jv partner, which is also scheduled to be amended and signed off by April/May.

On success, flow testing will be the bigger catalyst, especially if it lives up to SMs expectations.

I would expect a second well to be drilled before the wet season after M2. There’s no point having a rig hanging around doing nothing. I suspect it would have been a major drama to move the rig given they had trouble getting the lighter gear out and probably got a good rate for it to sit tight for the remained of the wet season.

Anyway, it will all play out soon enough.