mozz: So it is--all good. Presumably nothing was found in the...

mozz: So it is--all good. Presumably nothing was found in the extra depth drilled, and therefore the JV is doing the logical thing that is to thoroughly evaluate the 40m gross hydrocarbon sand by way of the logging tool which will provide fluid samples, net pay zones, estimation of hydrocarbon volumes recoverable etc.

When all this is complete the JV will decide whether to deepen the well still further.

Remember this vital fact in the much bigger picture which is now unfolding: The information already to hand infers that the light oil in ROC1 is ""consistent with that extracted from the nearby Phoenix South 1 well"".

IMO everything points to a successful outcome in the proving up of that new oil pool on the NW Shelf, BUT proof is required as is PATIENCE.

Presumably there is no cost overrun thus far and the original USD70m will cover any decision to deepen the well once again.