Ann: Operations Update , page-10

Shaman,

hmm they really need Akkar East to average a bit more than 400 bopd.

Ok you have to disregard J-50 because they had lots of issues with it. Having said that it is doing really well with an ESP installed :) :) a constant 300 bopd against expectations of around 100 bopd.

I know the Southern Cross report had a base case of 400-450 bopd and I was hoping for 550-600 average (excluding J-50) because of the uplift it would make to the economics.

I don't think you can average Akkar East with Akkar South meaningfully.

Akkar South is in a different league to Akkar East as J-58 has clearly demonstrated on the T2B zone.

Your right the next step is to prove that the T2A zone is
productive in its own right. Hopefully the data that is about to come from J-55 will show that. The fact there wasn't any news on it buried within yesterday's announcement and the fact they are immediately still going to complete the zone in the J-58 wells strongly suggests it is productive.

Whether it matches Geoff Gander's comments at oil barrel is another matter!!!

If it were to be as productive as the T2B sands then given the lesser thickness of the T2A sands, I'd be hoping the zone could sustainably do 700-800 bopd.

Then we'll get to hear what there going to do with the Z sands.

Yes I also agree the CPR could well be delayed a few weeks while they get to look at all the flow-rate data, well pressure, reseviour pressure etc so that it can be fully incorporated in the report.

The J-59 data is going to be very useful from several points of view as well.

I suspect the production facility will need to be much bigger now than original envisaged.

I can see Jupiter having production of 5,000 bopd or more once the 7 wells are producing at the same time (provided of course that the oil traders and the refinery can handle all that oil) which could be late April.

LOTM