RE: Presumably Ara wants to see profit on their investment11 Jan 2023 10:45
Tanz - you don't quite get it !
Hopefully there is potential in the 'acreage'. The 3D seismic analysis should provide the necessary data to determine whether gas is there and recoverable in commercial quantities.
It is still possible (hopefully unlikely) that the next RNS will state that the 3D data is disappointing and ARA are pulling out.
I'm not suggesting that's likely, but entirely possible. Nothing here is certain.
ARA have spent some money, and they are hopeful of course, but that's their business. Some they win, some they don't.