report out, page-26

re: risk / reward to the upside now ? hooter

Love your optimism .. wonder where mine's gone!! They would log regardless so its no sign of success. Until I see a HDR report saying HC shows while drilling or something similar I am not convinced.

I agree though that once Tevet is out of the way the risk should be to the upside. Did you see the seismic section in the Annual Report of the entire Chinguetti sand channel including Labeidna and N'Dor to the west? Labeidna looks like a Chinguetti to me and the whole section looks continuous .. so I reckon there's plenty more oil to be found and tied-in to Chinguetti.

However .. even if Tevet Deep isn't commercial .. it would be nice if they found HCs to give us more confidence in the CSEMI .. which was also used to select Faucon in Block 1.

H