Ann: Surprise Project Development Update , page-11

I have a wildass idea looking forward....

Santos took out the Magellan interest in Mereenie field.
Mereenie has been gently producing from very old vertical production wells for decades.

Santos took an interest in the North Mereenie block within the Surprise permit ETP 115. Mereenie Field, North Mereenie block and Surprise field (and hopefully any structure intervening and also further to the NW of Surprise) all might be seen to be on the same structural trend....yes maybe!

Now what if in the next 12 months Santos were to undertake a curent state of the art drilling program over Mereenie field, horizontal drilling, fraccing etc to upgrade production,planning for suitable production infrastructure etc and a 2D/3D seismic program and maybe a drilling test within the North Mereenie Block to better define whatever new lead has caught their interest there....

It might then explain why further Surprise Field drilling, development etc isn't planned for another 12 months...the picture could be very radically changed along the Mereenie-Surprise structural trend in that time.......and best of all CTP would have access to a rig already shaken down without the huge mob/demob costs associated with going it alone.....make sense anyone?