while we are waiting, page-124

Dear Timber7,

Your summary appears spot on. The company describes this initial drilling of Block 120 as a "play finder".

It is obvious to all the potential is huge in Block 120. From 6 June 2013 announcement,

"In May 2011 Netherland Sewell & Associates Inc. (NSAI) completed a Prospective Resource Assessment* of Ca Lang and Rua Bien, confirming gross unrisked prospective recoverable resources respectively for an oil case of 461 MMbbls and 611 MMbbls (best estimate), and 1,311 MMbbls and 1,724 MMbbls (high estimate)1. Following evaluation of the 3D seismic data Neon believes the estimates of prospective resources for Rua Bien remain unchanged for the oil case. The prospective resources for Ca Lang remain unchanged as the prospect was not targeted by the 3D seismic programme, being sufficiently robust that 3D seismic coverage was not warranted."

And the JV isn't even drilling either of these prospects with this first well on Block 120!!!

I am reminded of Rudyard Kipling's poem 'If' at this time. It is a great piece of prose and well worth the read...

http://www.poetryfoundation.org/poem/175772