Jack up will drill this, low costs for offshore. No need for...

Jack up will drill this, low costs for offshore.
No need for ultra deep water SSDR unit at @250-300k per day
The fact this is shallow water and close to existing tie in infrastructure @ blacktip etc,
Also guys n gals , we have confirmed oil discoveries right next door at Barnett and Turtle containing 55 million barrels of proven oil reserves ( this has gone widely unnoticed)
http://www.melbana.com/site/cpfile/2553_1/20180328wa488pflyerpetrelsubbasinmelbana.pdf
https://www.energy-pedia.com/news/australia/drillsearch-to-buy-omv-oil-assets

The commercial prize at Beehive is of the scale, if we make a commercial discovery.
Operators rarely get a chance to have a shot at an offshore mega structure in such a accessible location and low costs..globally !
It is to big and is to to cheap NOT to drill Beehive IMHO.
Unless the 3D is a complete fizzle which I just cannot see in a million Sunday’s, this is a goer to drill in the next 12-18 months IMHO..
By this time, MELBANA will hopefully be well on the map globally !

I am enthusiastic and I feel reasonably realistic here with Beehive, hopefully not overly..