Ann: Corporate Presentation - 19th Asia Upstream , page-2

re: Ann: Corporate Presentation - 19th Asia U... Picking up on my posts under the heading "potential for things to be better than they look" I see that:
* there has been no drilling since WBext2c -the rig has gone elsewhere and will not be doing drilling for cvn until "late 2013".
The last time they contracted the rig out was for about 6 months ending July last and the hire-out spanned a period when the cash position improved significantly. I suggested then,and nothing has changed,that the partners can get a nice rental for the rig from a willing hirer
"late 2013" fits into another statement that" igneous(volcanic)development plans are expected in late 2013".
*CVN seems very confident that"production is set to increase from late 2013(and not significantly before?)"
which is consistent with the above rig scenario.
There are still the outstanding situations re WBext2C re the flow rate when the well settles down( the lowest v compartment) and the other 2 v compartments where we have no results)
*Phoenix is looking rather good.