You are wrong as the 4 wells you mention were all development wells and not Exploration wells.
Those 4 wells would have very low flow rates and add nothing to reserves.
They could drill 50 successful development wells on Callawonga but all that does is increase the depelation rates on the existing Callawonga wells. What they need is new successful Wells in new areas.
Are you taking up entitlements?, page-37
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