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Alias Born 03/09/2012

Re: None

Wednesday, 07/04/2012 5:28:59 PM

Wednesday, July 04, 2012 5:28:59 PM

Post# of 1624
Happy 4th Guys...

Whatever that means... smile

A quick summary by joste who was at the presentation in London tonight..
Here goes:

Puntland
Shab-n 80% chance commercial find
Two sites already prepped for 3rd & 4th drills.
Offshore 3 year programme requiring 3d

Trinidad
16 wells drilled and successful, 5 drills being completed
Rig 8 pudding this month
Beach marvelled 12million barallels without secondary recovery
Looking to add another 120 staff by year end
Beach is saturated and over spilling oil in areas
Qun117, 121 & 128 found add
itional payzones
Project just keeps getting bigger
Hearers there just don't know how big.
Rig 7 pudding October rig 8 mid August
62 well program for 2013
2500 barallels by year end
60-70% reduction on royalties for sec recovery
15-50% reduction on new drills(?)

Colombia
3d program, 2-3billion barallels, virtually zero chance of not having
drill targets

More to follow..

Tony
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