Agree rock but feel that the forward drilling programme will be important. I did post some figure a while ago seeing how Hartleys' magic figure might be justified by reference to revenue. Working on a Kennedy basis, it looked as though 20 wells would get there - that's less than 10% of the suggested number that might be drilled.
But would we get half-way there on the back of 2/3 wells fracced (Kowalik?) + 3 new wells - must depend on the results (obviously) but also on the forward plan, I would have thought. We could be there by Christmas (half-way point) - no reason why not theoretically. SP tends to anticipate growth so I'd be surprised if we had to wait for there to be 10 wells producing at a Kennedy rate increased for the longer pay intervals planned.
All a bit of a guess...
ADI Price at posting:
33.0¢ Sentiment: Buy Disclosure: Held