There is always a risk of everything. But Santos de-risking their side of fence, I would naturally think that same applies to our side of fence in part, but that assumption comes with an inferred risk, different thickness of coal seams = different prospective volumes of gas etc, then you assume risk on similar flow characteristic etc. But that is ultimately de-risked with our own drill.
I would assume that a line on the map, does not limit the coal seam gas characteristics. But there could be variability. That is part of the inferred risk, discount. Potential sale ?? But what price before / after we do a maiden drill ?
If Santos owned the lot, would there resource estimate, just stop at the old line on the map ? Or would they assume similar flow characteristics over the entire field ? If the gas is trapped in the coal seams, then it is a matter of extraction methods ? I'm no expert. Just saying.
Best answered in a updated webinar would be good for all.
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