Firstly WGO and STX have similar reserves ie; 50/50 of WE 2 that the majors are interested in.
South Erregulla sounds great and a 50/50 chance of being commercial.
Sounds like the WGO BOD want to keep 50% ownership of EP 469 where there could be something like multiples or similar to SE sitting inside its boundaries with approvals in place and near term potential of drilling thanks to the Warrego owners.
Hopefully they can shoot the additional 3D there and haggle some more before a deal is struck
Seems plenty here forget that STX didn't have the money to drill WE-2 until weeks before the drill started spinning.