Explanation, page-20

It's hard until a flow test to get done. At the moment there are not enough drilled wells to justify a flow test in the huge 2 acreages.

No major companies have luxury to explore for more wells and to acquire more acreages. They can only sell and sell.

Exploration/acquisition are what junior players have been doing. If CVN could prove the cavarnon basin is better than Browse then WPL would rather develop the existing and established field.

Risk is a game here and the JV have the luxury to play out this game because they think this is one of the best potential holding major liquid plays.

Why should they rush to drill another well. Very simple. They think the poo is going to recover and the assets with good potential will make sense and become more expensive.