If I read into what you are saying then, correct me if I am wrong, but the resultant flow rates altered thinking? And if I am correct in what your getting at then the flow rates were not what was expected so they have decided to go drill another well 5km away. IMO that doesnt really stack up. If a flow rate wasnt as expected / hoped would you go and spend more (possibly) money on another well? Is this what you would do?
My opinion is that this was a contingency if they were ahead on schedule and budget allowed for this. It would be simple to have this plan in place with agreement from all JV in advance. Flow rates were reportedly as expected so it indicates some alignment to the plan pre drill. IMO this is an opportunity to sample another piece of the pie at a potential nill cost if everything goes to plan and SNE-6 is also done ahead of schedule.
WPL Price at posting:
$31.08 Sentiment: Hold Disclosure: Held
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