I am thinking that they were VERY confident on a reserves upgrade BEFORE drilling these wells. This to me indicates that they are very confident in their interpretation of the seismic and their understanding of the geology in the area. Can only bode well for the two upcoming PEL 92 targets, esp the closer one.
Anyway as I've said several times in recent months, expect a string of new records for COE from the CB, reserves, production, cashflow and profit. CB content of Dec QR will be excellent. International activities very well funded imo.
EL
5660 bopd flow rate, page-11
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