Bit of history for you all on EP437.From 2016 to 2020...

Bit of history for you all on EP437.
From 2016 to 2020 Key(operator) and Pilot and another Co did try to drill the Wye Knot-1 exploration well in EP437.
It was all approved, funding in place, they had all the long lead items and even booked a rig which was ready to go.
Once again history dictated they had Plenty probs with the Landholder of 437 but eventually reached an agreement.
All parties were really looking forward to this drill which had dragged on for 4 years.
Just as they were about to spin the drill bit, that little beauty COVID hit and put a huge STOP to proceedings.

"With the emergence of Covid-19 and associated social distancing and restrictions on travel, application was lodged with the Regulator on 23
March 2020 with a decision still pending at the end of the Quarter"
They came So,So...close.

"Preparations to drill the Wye Knot-1 exploration well in EP437 (Operator: Key Petroleum) are progressing with the Joint Venture awaiting approval of revisions to regulatory documentation prior to a rig being mobilized.
It is noted that the executed landholder agreement to drill Wye Knot-1 also covers the Becos, Parce and Becos South Prospects which, like Wye Knot-1, are considered multilevel objectives, including at the Kingia and High Cliff level"

Anyway the drill never resulted.
But read some intel from below, because you can see why they were so keen.
NOW its out turn at TEG to make happen, and drill we will, plus we are now equipped with better knowledge and data for drilling.
GO TEG

"The Wye Knot oil prospect is located down-dip from the Wye-1 gas discovery, drilled in 1996 at the crest of a four-way-dip-closed structure that
benefits from additional closure via faulting to the northeast and northwest.
Wye-1 tested gas at commercial rates from two good quality reservoirs, with the Bookara and the Arranoo sandstone reservoirs flowing 4.4MMscf per day and 2.5 MMscf per day respectively.
Neither of the reservoirs exhibited a water leg, and both exhibited live oil shows during drilling.
The presence of shows indicates that the reservoirs were originally oil-filled at the Wye- 1 location, with the oil likely being displaced to a downdip oil rim by subsequent gas migration in to the crest of the structure.
This dual-charge model is evident elsewhere within the north Perth Basin, including at the nearby Dongara gas field, where the Dongara-8 well produced at an initial rate of 800 barrels of oil per day from an oil rim"

"An oil discovery at Wye Knot-1 could be commercialised rapidly, and at low cost. Importantly, success at Wye Knot-1 will de-risk other prospects within EP437, including Parce, Becos, Updip Wattle Grove, and Ganay. All prospects are located within close proximity to the Mount Horner Oil
Field providing flexibility for development and importantly all have access for drilling and majority production, a major hurdle in monetising discoveries in the Perth Basin"