In the MD&A, it is noted that there were 3Q15 expenditures for site prep for a number of future wells: Raptor 1 Sidetrack; Triceratops 4; and Antelope South 1 (pps. 19-20).
While I realize that Dr. Hesssion also noted that IOC will focus on E/A appraisal and completion in 2016, it is interesting to note that these 3 wells have progressed to site prep work, indicating that the locations are selected and are simply awaiting the cash to drill.
As also noted in the Conference Call Presentation (p. 7), IOC can fully fund its share of the 30% non-financed plant construction costs with a certification payment of $1.3 Billion, at the GLJ low estimate of 7.5 tcfe. If the appraisal comes in anywhere above that (which seems increasingly likely), IOC will have the funds (and at least some of the rigs) necessary to jump right back into these 3 sites and resume its exploration campaign. This would also seem to be another reason why IOC would like to increase the tcfe total for this upcoming certification payment (by drilling A7) rather than wait for the later recertification option.