Mi mate
Drilling put on hold because they concluded 1 well at a time is not the way to go to maximise capital efficiency and resource development. I would also say they wouldn’t drill any wells because they were looking at all options, including full asset sale.
So no point drilling one off wells if you are selling, and no point drilling if you are looking to increase the spend / pace of development via JV.
They get 1 chance to monetise/ develop the asset and they aim to achieve the best possible result.
Ciao
Dan
Ann: SWISH AOI Activity, page-99
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