Would NPAT have to be added to cash position or have you built that in?
Also we tend to talk about high impact as one off hits to a pocket of oil. My understanding is some of the recent drilling potentially opens up the option of multiple follow up drills to develop a high impact hit (think zone rather than pocket).
So as you progress the high impact program you get a secondary 'deeper' development program, emerging. I would have thought that second wave of development drilling had potential to offset declines (if we need to if you hypothesis holds true) in fairway development drilling. Company seemed to be hinting at that with the "shouldn't be underestimated" comment. IMO
Thoughts?
FDM Price at posting:
63.5¢ Sentiment: LT Buy Disclosure: Held