Ann: Operations Update, page-67

Next year the Black Knight might get an Ironman Suit .
Aka , only having to pay 20 cents in the dollar for the exploration wells in the JV permits .

Much of the cash burn this year is because ROC did not man up to their JV obligations this drilling season .
Next year it will be put up or move on time .

I think that Buru will not drill Butler while Key has a drilling obligation in the adjoining permit that is most likely to be satisfied by a Butler well .
Why would he drill an expensive sole risk gas well at Butler , when conventional gas from Yulleroo is much closer to the only medium term market about ?