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Strategyone

11/01/13 3:52 PM

#4297 RE: ResourceBaller #4295

Here is my estimate of next news prior to the work stoppage:

Agete-1 was spudded on 9/16. If similar timing to Ekales which took just under 2 months from spud to news release, we should hear around November 15th about these results. Although my bet is we start hearing rumors within a week or so if history repeats itself.

Then within one week or so of that, news should hit on Tutule-1 and again within about a week of Tutule-1 news, we may hear of Bahasi-1. Nice!

With the announced work stoppage this week and the estimate that work will begin again next Monday or Tuesday, I would only delay my estimates by a week or so. That said, I have not researched whether the announced work stoppage was on these specific three wells out of the 5 AOI is currently drilling.