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news this week, page-19

  1. 1,819 Posts.
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    E

    In all to even contemplate the first target at Senegal to be Bingo would be foolish. Hunt/FAR will drag this out, my realistic expectation was/is 18 months after completion of 3D siesmic to get the drill bit in the ground. Regarding agreement/disclosure of probable stat's for JV is december 2008 at the latest. The first well to be Multiple Santonian age fan systems on current information sounds resonable (1 well 15% free carry with conditions). Regarding FAR'S watershed year I found a bit dissapointing. Hence I will only top up @ under 10 cents @ this stage in accordance with my FAR plan. Not enough drilling & resourse depletion warrant it. Not really concerned in all bring on more selling sub 10 cents as far as I'm concerned I haven't finished buying!

    BI
 
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