Nice....
The attractiveness of Beehive outside of the huge magnitude of the potential size of the prize is the fact it is shallow water , close to shore and cheap to explore ( in offshore terms) this in itself would also make monetisation a lot easier on a commercial success.....
Commercial Discoveries already flank Beehive to the North and to the South East.
The optimum outcome of the 3D for Melbana and shareholders is, increase resource, increased chance of success in an extensively defined drill target, decesion to drill (permit drill option must be before August 2019) I believe .
Drilling costs will be going up, oil price is back , I see no reason why there would be a delay to drill commit by the JV if the 3D is positive.
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Nice.... The attractiveness of Beehive outside of the huge...
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