my interpretation, page-3

DT's have their strategy and good luck to them if you know your risk profile and are comfortable with where you sit then all is good. The comfirmation of the extension was bigger than the actual first notice IMO. Now if you are long-term like me i.e. waiting for the JV announcement then the rig going into place and the drill starting then you have to make the real call on if you trust 3D-seismics and if it's water or oil. Either way to that point we will see 12-15c and if successful drill then 30c + IMO but it's a waiting game now.