Wabbs The depth of your philosophical side is to be commended,...

Wabbs

The depth of your philosophical side is to be commended, although there is no comfort there for me at least, given little of what you have posted is relevant to the past 4 years.

The two out of three ain't bad idea is a sad fall back to cover the classical precipitous approach they took into drilling RGN1. I don't actually disagree with the idea of optimising the operational life of the Red Gully field. The costs are high, due to the depths required etc.

But, They were spruking that they knew there were water problems in the earlier well located only 400m away, and they went ahead on the basis that the earlier well was poorly completed, and the more modern techniques used would ensure the 50% COS at RGN1 would not be jeopardized.

So the bad luck cycle of RGN1 began. I seriously hope they can remediate something worthwhile for the crippling amount of money they have had to outlay on this well.