3 to 4 days away from a result, page-41

T4P & Twin TurboC

Thanks for y'r sharing yr thoughts.

As a thumb rule I was working with a fig of 30MMCFD sustained flow, so gas priec of apprx $10 gives KEY $330,000 * 20% share, $66000/day. Ideally one would hook this gas to a prodn line & sell it.

My first net-estimate for the sands was about 30m (50% of what the gross sand height). Mind you the ann'mnts have been patchy in a way as they havent exactly told us the depth of these sands. We know the TD is 2030m. At what depth were these sands encountered, I'm not clear (ie from-to).

Hopefully the next ann'mnt would b more informative, althou' I know I'll b looking out for the MMCFD figures. Ideally 60m or thereabouts should result in 20 MMCFD+ gas flow. Anything more then 55MMCFD would b considered a risk for the Caroil-6 rig (as a safety measure ie).

This result will rekindle some interest in Offshore East Africa once again. Success at KN #1 should perhaps incite KEY to come up with a new well program since they planned only 2 wells as part of this program.

Cheers to all holders.