Ann: Quarterly Activities and Cashflow Report, page-19

Even more interesting is the strike rate of the drill rig that management have contracted, the Ventia (former Easternwell) 106 which STX-WGO used to drill West Erregulla for 4/4 successful wells (although one they had to go back to and side track WE-3).

Beach have also drilled a lot of holes with it and the only one i can recall that wasn't commercial was Trigg-1 that proved to be tight. Maybe there was more??

But it must have a strike rate of somewhere near 90% with it's Perth Basin drilling into the Kingia of recent years.

Together with some good 3D seismic this is an exciting drill coming up.