Ann: STO:Significant Pavo oil discovery near Dorado development, page-32

I get this but what does a drill cost $20mil with the jack-up so our portion is $5mil. Wouldn't be that hard to keep up with 3-4 drills a year if we keep getting this hit rate. Agree in about 2-3 years when we have a number of hits and are looking at $2bil per FPSO it will get costly but I would think even then Santos would look to lease not own multiple FPSO's? I think some of comes down to Apus and what STO does next. If Apus fails, which is odds on that it will then I think they will go back to Pavo and drill the other half as that's at 60% so better than a coin toss, which for $20mil is worth doing (spend $20mil 60% chance you collectively book 40mil barrels)