What you said psi is correct if the company drills 4 wells in this upcoming program, but I seriously doubt this company raised the money to drill, test and complete 4 horizontal wells in the Amadeus. Herein "lies" the problem with ctp.
Likely they will only drill PV and Ooramina only and I am 90% sure...bombs away...so ends ctp's East coast gas story.
With a lawyer run company and so many stuff ups in past, it does not surprise me they did not try to raise the right amount of money to drill the 4 wells. Drilling the worst 2 first will likely seal it's fate.
Ann: Quarterly Activities Report & CashFlow Report, page-20
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