With the BPT wells there are 10 wells in total, 7 exploration and 3 development wells over the 12 months of the financial year.
We know the first well (an exploration well) was a success. Given there has been no announcement of further exploration success I hope they have drilled a development well in the last month, as no news is bad news with the exploration drills. They wont announce any development well results until the quarterlys which is fine.
ID mentioned that from the 7 exploration wells, a success in two of the wells would be a ok/good result, any more is a bonus, any less would be a bad result. We have had one success so far from one known well which is a great start.
Also on the cards is a couple of exploration/appraisal wells in the Don Juan permits which we should get commentary about this quartely.
SXY Price at posting:
50.5¢ Sentiment: Buy Disclosure: Held