The most important thing is that they get to FID, then production. Pavo will tie back to dorado, so it won't take 7 years to get to first oil. They do however need to find and appraise, current approved plan for Pavo & Apus is up to 2 appraisal wells each. Which is currently earmarked to next year based on the cr presso.
it's all the other acreage they own:
WA-521-P Labyrinth - They have some big numbers allocated to this permit in various prospects. current permit expires mar-23 with $2m allocated for seismic. They've been seeking a partner for this since 2017. I remember way back at the agm after dorado was found the in-house geo was super excited by this tenement. but they've not been able to derisk it.
no one wildcats an offshore drill anymore, the cost is way to high to play that way
The most important thing is that they get to FID, then...
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