State of Treading Water, page-117

I am and have been patient, however there are conflicting messages in the absence of clear statements of direction.
*current cost of construction for Dorado is too high however STO has given approval for other projects at this time.
*economic payback on Dorado is quick and economics robust but apparently not to good enough to support higher current capital cost.
*CVN mantra was to build our resource in times of low oil and gas activity (leveraging lower vessel / drilling costs etc) however now we are waiting for an upswing . The risk is that we may have greater costs and political encumbrances the longer we wait.

It was always a risk that being a minor partner that we at the mercy of the major operator. Though Santos has said this project is a high priority it seems not to be in practical outcomes.

My point is move now even at higher cost or we may be paying even more in other ways in the future. Either way clearer timelines please.