Ann: Quarterly Activities Report and Appendix 5B, page-4

Captain Cook is normally understated and measured in his announcement but he seems more excited here. The description of Apus and Pavo as "superlative prospects" caught my eye. Apus in particular could contain 235mb of oil. Water depth and reservoir depth certainly add value. His comments below

"The Apus prospect, which is around 30 kilometres from the Dorado field, is at a water depth of 75 metres and has a shallow depth to the top of the reservoir of less than 2,500 metres. This is significant in that reservoir properties generally improve at shallower depths and given the already proven deliverability of the equivalent reservoirs at Dorado some 2,000 metres deeper; reservoir quality is not identified as a risk at Apus"