Agree with that. I'd add that the light oil + gas that is being reported, suggests maturity decreases that risk in PEL87 as this was not the most-likel/anticipated outcome for those wells. If a potential farminee can convince themselves of that, then the main hurdle in my opinion is the timeline. No chance of another extension to the current term and not enough time to acquire 3D, process and interpret ahead of a drill-drop decision, so the farminee will have to bite the bullet and take on a commitment well (on top of 3D seismic). Typically this would be baulked at, however, I am optimistic that the neighbouring discoveries will nudge them over the line. Timeline is not an issue if this is what transpires.
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