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Re: Fureal post# 5865

Tuesday, 08/07/2012 1:06:50 PM

Tuesday, August 07, 2012 1:06:50 PM

Post# of 71458
That'd be Q4 2013 right?

Thanks for the comments and question. In the case of VM 179, we are about to review the 3D seismic data cube details (in the next 10 working days or so). Post the seismic review, we will conduct a revised engineering review of the reservoir and the general characteristics anticipated. Then, post that stage, when we have absolutely defined what we are dealing with, and how we are going to move forward, we will compile the relevant AFE’s and look at developing that asset in early 2013. As for flow rates, I am going to see what the detailed seismic and engineering review bring and then comment. As we learn more, and our plans further develop, they will be refelcted in my updates.

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