Ann: Quarterly Activities Report & CashFlow Report, page-19

I'd do exactly what CTP is doing and drill the whole four-well package in one campaign, and then it doesn't matter which order they are drilled in. CTP says the four well program is fully funded, so I would drill them in whatever order makes the most sense logistically. Due to the delay in sorting out the JV marketing issues that means Mereenie goes last.

If these wells are all dusters then shareholders have a big problem regardless of which order they are drilled in. More CRs, more dilution, and the SP will probably never see 20c again, except on the back of another consolidation.

Good times!