Perth Basin hits and timing

Hi all, I'd like to read some discussion on the effects of possible hits and misses in upcoming wells in the PB region.

If Lockyer Deep comes up empty maybe that means the northern extent of the region is set, but would the market perception be that SE and the rest of EP469 is more or less valuable?

Also given that AWE was taken over at ~$600m before BS Deep and WE successes and Trieste 3D seismic does that mean more options for larger companies to buy out (or drill out in the case of Trieste) and less premium involved?

I'm thinking failure at LD could increase the stakes at SE and WE but success at LD adds to the extent of the region and perceived chance of further hits.

If the result is arrived at before SE1 all eyes will be sharply focussed on SE but if LD only got the rig after SE1 maybe Min are the only ones that would care much about it.

Also I'm guessing Walyering won't affect the above. Your thoughts on it all?