My rational for hoping they drill the gas plays is that I...

My rational for hoping they drill the gas plays is that I believe that they have higher probabilities for success and the cost is relatively small which means that they could fund this from current operations.

While I agree that the Ash Creek uppersands if sucessful would be quicker to develop given the infrastructure IMO it is a bigger risk that the gas plays. The last thing we need in a bear environment is a another P&A

In a perfect world they would do both. In regards to Grieve they have been talking about drilling the uppersands for years so I guess I am not holding my breath.

This comes back to risk/reward and I think that the SP would be better supported if they get a win. Thus my perference of the biogenic rather than the other projects.