another great discovery another bad communica, page-72

Some thoughts while we wait.

We know a minimum of six wells will be drilled during the second phase Browse drilling campaign. The principal objective of the exploration program is to better define the size and quality of the hydrocarbon accumulations within the exploration permits which contain the greater Poseidon trend.

Grace was included in the drilling phase which does not appear to be in Poseidon formation. This gives us one more well excluding Grace to provide the worth of the Poseidon field in the initial second phase.

Does this mean that if Grace is proven production quality as presented, will the last well be drilled in WA-314?

KAR will not have Transocean Legend after this year (from previous post). What is the drill time planned for Grace? Was this an oversight on KAR/COP part, or do they have plans for the next phase of drilling in the Poseidon field and need a different rig?

The value of the finds of Proteus-1 and Grace will be added to the value of KAR. What will be expected to happen to the share price?

Looking at the history of the second phase and the success found why has the share price not increased? Could it be that the large cap investors got in the early phase of the Poseidon drill campaign because of COP and did not recognize KAR? Why is COP not pushing the Poseidon drill campaign?

Just some thoughts - -

Bob