The companies production has been in trouble for some time with...

The companies production has been in trouble for some time with massive declines on old wells, so much do they have had to invest time and money on improving flows and production efficiencies in new wells.

Probably to be expected in these high rank, low perm areas. The gas contents are huge due to high rank, but the wells only access a small area due to low perm, so you get initially very high gas flow rates but they don't last long.

Recompletions often help in this sort of situation and are cost-effective compared to drilling new wells.

But the whole area is tricky and risky. It can be made to work and WCL are doing it, but I don't think it offers the sort of risk/reward profile any of the majors are looking for.