Hi Spec Agree there are plenty of targets still available for...

Hi Spec
Agree there are plenty of targets still available for the small fit for purpose rig .
Even the big Yakka prospect at a pinch .

They have kept their options open as to the number of wells that will be drilled and how many will be drilled with partners if any .
The Announcement is also ambiguous about the likely location of the wells .
Does in and around Ungani mean in and around the Ungani oil field or does it mean in and around the Ungani Trend ?
I read it as there will be one or more exploration wells drilled that have other than Ungani Dolomite targets .

There is no doubt that the situation is dynamic .The increasing POO changes their situation by the day .All the incremental cash flow is available for drilling .They will be crunching the numbers .I think they will self fund at least some of the wells .I won't go over the case for
no farm in as I have just about flogged it to death , and I know it upsets a lot of the Bruthers but I think it is compelling .

I hope you were joking about SA . There is no Ungani oilfield in SA and no potentially company making prospects there like Buru has in the Canning .

The Wet season has been unprecedented .No one had ever seen water in the Pond .The water got in there when the creeks over flowed and the water rose higher than the spill level of the Pond .
The water around the Pond could drain through the creek system but the water in the Pond was trapped .
We can fix this problem cheaply by digging a drain using an excavator guided by a laser level set at the level of the deepest point of the bottom of the pond . Plenty of gravel on that section of track would also help .
You dig the drain to where ever the level tells you that you do not have to dig any more .(Actually you put a bit of a fall on the drain but it depends on the terrain how much you can .) They would need to put a culvert in the track at the low point of the Pond so that both sides of the track drained . They should put in a flood gate in the drain ( Think one way valve to prevent water flowing back into the Pond during a Normal flood event ) .
Farmers know this stuff . They drain lots of swamps .
The work needs to be done after the Pond dries out enough to support an excavator .