And, sorry to wax lyrical, but I've just got to say what an inspired decision it was to book six drilling slots with the Ensign rig.
This means we can drill South Eregulla (and Waylering) ASAP, rather than having to let the rig go and wait 1-2 years for another suitable rig to become available. In doing so, we also hamstring our competitors hoping to prove up their own acreage in the Perth Basin.
First mover advantage is key.
Ann: Successful $75 million Institutional Placement and SPP, page-4
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