I agree. You would expect that they would go for the low hanging fruit first (the well with the highest probability of success). I'm pretty sure that I read a post somewhere in here that Cath had said that they would go for the least riskiest option (appraisal drill wise). Of course, FAR is not in the drivers seat on this - the Operator is. Having said that, I think all of the JV partners have to agree on what they do.
I'm just speculating however as I know nothing about how these things work.
Capital Raising, page-8
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