Not much point increasing nameplate without the wells to back it up, and I don't think connecting Jacko is it because you'd only assign those costs if you were also assuming helium sales/revenue and there's no mention of that.
My best guess is there are other development wells assumed at Mereenie and PV that are needed to offset production decline ie he's assumed a production profile that's more aggressive than the current fields and these 3 new wells can supply. But even for that, $120M gross spend is a lot.
Not much point increasing nameplate without the wells to back it...
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