and now the wait, page-23

Hi Epaka -

We definitely have some company changing fundamental news heading our way.....and in a perfect world from more than one front!! The snail pace of the Hs1 drill is encouraging - take a long hard gander folks and don't lose the drill bit, or let all that gas to the surface just yet - are we in Mozambique yet??

As of last drill report they were at 4358 MDrt at 7 am on Tues - circa 57 hours later ( not that I'm counting....) still no news of reaching either Gwc or proposed TD of 4590Mdrt....in that drill report no mention was made of further coring;

- " The forward plan is to drill to the final Total Depth (TD) as determined by intersecting the interpreted gas water contact. Upon reaching TD, A comprehensive formation evaluation program will be conducted. If warranted, a production test will be run to determine reservoir productivity. "

My question to the knowledgable gurus is: Are Eni actually permitted to drill deeper than the TD nominated in the Environmantal Plan?

http://www.nopsema.gov.au/assets/epsummaries/EP-Summary-NTP68-EP-Summary-Rev-0.pdf

- If no Gwc is indeed discovered before this planned and approved TD? Just wondering......also can further coring decisions be made so to say " in situ " as a reaction to further drilling revelations ( though as above no mention of further coring plans....)

Appreciate any feedback......also encouraging to see a lack of leaks from the rig indicating a slick and highly professional operation. I imagine some of the instos and fund managers that specialise in small o and g companies ( that maybe missed out on a recent bite at the cherry...) are also watching with more than a passing interest....we need a concrete and unambiguous result to be divulged in the hotly anticipated Report # 11 - appears that those folks with the more ambitious numbers in the lottery are still in the running!

Hang in there - best luck to all Ort