Pressures and stated field size don't add up imo.
Fault migration, more than highly probable cause here.
Name 1 well production well in the immediate area that demonstrated this sort of pressure, then produced for only 1 or 2 yrs.
A projected daily ''single hole'' east wing revenue of around 25 to $30k per day augers well regarding the truing up of funds for 1st off shore drilling.
Bell Potter shenanigans a plenty sp wise imo..