breaking out, page-20

I think you are talking about Paning-2.

From the SXY announcement:

Paning-2 is located 1.2 kilometres southwest of Paning-1, which was drilled in 1980 by Delhi Petroleum as a conventional gas exploration well. The Paning-2 well is the first unconventional gas exploration well to be drilling in the region and will provide valuable information about the potential for gas production from the tight sands and deep coals of the Patchawarra Trough.


To be flow tested in late March.

If the cores and initial well tests are good, you'd expect SXY to move with a farm-in or takeover with/of AQO before March frac testing. After those results come through from Paning-2, the market will have a better idea of how the Patchawarra will produce compared to the Nappamerri trough (BPT, Santos, Icon).