lets face the truth, page-14

Cato, I don't agree that the miss on Canario was that big a deal for us. Stevo had a good point, it was a free ride for us. If it would've hit, great, we would've gotten a nice boost but it didn't and it cost us nothing. But a couple of points. One, it is in a seperate fault block, so one compartment can be empty and the next full. Second, they picked a high risk spot to drill, out toward the outer limit of the structure. That would be like us choosing to drill at the P2 location for our first well in Posiedon. You should drill those areas after you make a discovery not before. Third, our location is much superior. Fourth, we have the ex-Petrobas head, very knowledgeable as my friend Cato stated, who likes where we are drilling and who believes we have a good chance of success. Also KAR has a good team that has been very successful at picking well locations. Two wells starting this month. Let the drilling begin.