Quantity and quality are both important, not just quantity. They might have land with 430 well sites, but if those wells are uneconomic then all they're doing is blowing shareholders money. Quality means they must be economic.
And where do you think they are going to get the money to drill the next 1 well, let alone the next 6? Shareholders will have to fork out yet again, because the money in this CR (or any income from the producing wells they are buying) will not be enough to pay to drill even 1 well? Where are they going to get the money from - why do you refuse to answer that question?
Cheers, Sharks.
PS: I followed another aussie oiler for a while that was great at drilling uneconomic wells - RFE - they were actually really good operationally and kept drilling and putting into production new wells - even exceeding their timelines - but they were uneconomic, and so they're now bust. AKK may do the same...
