Just a note to anyone confused by the (apparent) a+1 promote on Reg Sprigg West ... the prospective field appears to straddle the border of Santos country and Stuart/Beach country, so any discovery would have to be unitised at those percentages.
Santos appears to have gone to Stuart and Beach and said 'Unless you guys kick in your unitised percentage, we wont bother to drill it'.
Thus, they kick in a 1:1, the well gets drilled and everyone is happy.
Ian
STU Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
