Let's hope lease retention spend doesn't require any further drilling of Fans ahead of new SNE Nth and Sth trending prospects with high COS. The JV should try and seek extensions to lease retention commitments where it can as we need every dollar to progress Development rather than getting greedy about future tie-back resources for the moment.
Parallel exploration work requires parallel funds unfortunately. We may get financing for the core SNE development, but stretching current funds to non-critical exploration will require further dilution. AIMHO.
CN on Commsec executive series, page-71
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