Hi Mr Magic Well, the whole thing seems to require magical...

Hi Mr Magic

Well, the whole thing seems to require magical thinking doesn't it? They are now trying to tell us that Bellatrix was a resounding success?? That there are extensive seals downdip and the gas could indicate there's oil down there. Well Mr Market don't seem that impressed.

Then they've previously been trying to tell us in their images that we've both got a 300sq km oil field with oil to the limits and at the same time they kept providing us with their famous N-S seismic image which showed the oil leg petering out just beyond the gas cap. Well what are we meant to believe? Is OOO going to ask them about this this time? It an important question I think.

Then we have RISC 2C 485 preSNE2 clawing its way up to 561 post SNE3 (albeit half proven maybe - one 2c is not the same as another is it), well I can think of a reason for that - just my take, but SNE2 better than expected over to the West, disappointing in the middle hence the delay and jump to RISC post SNE3, then better than expected round the perimeter. In which case SNE (Bel lower, well number 4 out of 5) should see further RISC increments and maybe (if 5 out of 5, SNE 4 same again). But what will Cairn say - rather less going by past experience??

So what, Mr FAR are we meant to have, softly softly to the inner suburbs or wham bang all the way to the outer limits (whatever their called in Sydney, I forget). Do we have a potentially huge area with meaningful net pay, or is it just for example a 3metre sleight of hand. When are we going to find out?

No detail as you say, Zip, and Mr Market it appears won't yet buy the higher numbers.

pj