330 compared to 330b, page-24

Tigger

The question I'd asking management is though, whats the strategy about drilling more wells on this block of 31 sqkm.

Two wells at 330, avg prodn of 60 bopd each, for 270 days & at $30/bbl, will not cover their cost in year 1, considering they've spent $1.5 million in expenses (800k + 700k). They require a robust drill plan. Perhaps hire more rigs & say within a time frame of 6 months drill & develop about 8 wells, then they are in the game with apprx 500 bopd production. That in itself should see the SP stabilise in the 30c's range IMO.

cheers