the writing is on the wall, page-24

Hi posters.

Gurame (shallow) result was disappointing however after researching the main target the Baong sandstone it appears to be a totally separate structure.

I still have not written off this one. With 5 wells drilled into this structure to date one would think that they should know that the hydrocarbons are there, just can they bring them to surface being the 1st hurdle, followed by are they in commercial quantities, the next.

POS still better than a wildcat like Kurnia. One would expect more shows as they enter the Baong.

Other Positives
COE a producer.
Increased CB reserves.
Increased Production (pipeline to come on line any day now.)
Lots of cash.
Tunisia x 2 areas.
High POO.

Better than some.

Here is hoping MS has done his research. The anns are still bullish (if this happens we will do this.)