Ann: Operations Update - Block 430 , page-20

Gee missed the fact that 430 has been deemed as a commercial discovery. How many barrels a day are we getting out. Whats the full field development plan? Have we even production tested yet? Think you are getting confused with 330 spozzie.

For 4000 bod, we will need around 65 new wells on 330 (average from paca2 and paca2 is 60bod each) Each well will cost around 800k each plus tie in costs. So minimum is $52m ($20.8m erh share) capital costs. 18 months to drill them, will result in one well every 8.3 days. Income will be 102m (oil at $70), erh share is $40.8m. Net profit, we will let ciggies work that one out, hes excellent at it