Out of interest, checking EGO's quarterly it appears EGO were...

Out of interest, checking EGO's quarterly it appears EGO were fully carried for the Valentine well costs and, because this well wasn't cased & tested, they are also carried for casing and testing costs of the Stokes B well at the Anderson level, but not the deeper Nullara (if I'm reading it correctly). Seems EGO had earlier opted out of the deepening because it viewed this as too high risk based on their own technical work. In the quarterly (released 31 Oct, after heavy mud losses announced)they seem curiously quiet about the potential within the Nullara(?).

EGO appears to have 100% of West Kora, a small oil producer presently shut-in awaiting workover a few kms away, which produces from Anderson Fm. No doubt, they are particularly interested in seeing Anderson hc shows tested at Stokes B for this reason.

EGO claim the Anderson Fm in SB is 120 - 150m updip of Anderson gas producer at Pt Torment (5.5km away), and 140m updip of correlated beds with hc shows in Valentine-1.

Just commenting, drawing no conclusions!