Cairn Preliminary Results and Cath's MMC Presentation, page-20

  1. 13,925 Posts.
    lightbulb Created with Sketch. 4856
    Yes Jordi a high 1 and 2C resource number for SNE and thats looking likely ( in fact FAR's own revision is impressive) may give them confidence that the effects of a duster with BEL will be something that will only have a limited effect on the share price....another consideration is what money will be required , that can only be determined by a decision on the number of contingent wells , to date that hasn't been decided or at least announced, I doubt they would raise without a budget... CNE's presso may have something on that..

    So a CR before BEL 1 has plenty of question marks hanging over it certainly and as you say we will be in the zone later this month...I'm expecting one before but would be happy to take a chance and have it later...we need more cash at sometime regardless....

    The ORA hadn't settled over the hole last time i looked but one would expect a spud announcment this week most likely...

    Cheers Whisky
 
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