I didn't look at that link so will have another look, thks. On...

I didn't look at that link so will have another look, thks. On Louise the beauty here is the current wells are already covering our fixed costs and generating profit therefore imo any NRI from this well will go straight to the bank or be available for further development. Because it is on the same pad as Desiree I think it likely only incremental costs would be considered in the commercial decision as the additional prodn will also spread the Pad's fixed costs over higher volume and improve the economies of scale of both wells.

If it was a new site the facilities would have to be built and recovered over the life of the well. I think the same thing happened with D&L3 which used the D&L2 facilities once the plumbing was done. Some rough numbers below on payback (not discounted) for reference. Please double check for yourselves as I make this stuff up based on my understanding and that may be flawed.

Re SP I have no idea, I try to concentrate on value so can't help much on that, this is a hobby and we all make mistakes and have different goals and risk tolerances.
All opinion only
Cheers