Hey Boc, the AGM slide 32 states "In summary, upcoming two year program includes up to 6 wells and significant
seismic acquisition in PNG foreland" note the 2 years there. Remember that TLM can drill up to 3 wells in both 268 and 269, which still leaves 2 wells in 267. To maintain licenses only 5 wells need be drilled 1 in 67 1 in 66 and 3 across 68 and 69, within circa 2 years (Oct 2011). I believe all well targets do not require further investigation however seismic would mitigate failure rate.
cheers
Hey Boc, the AGM slide 32 states "In summary, upcoming two year...
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