patersons......, page-2

The prospect of L20/50 seems to be circling in an ever tightening orbit so far as implications on the SP go.

How do they do it? It surely will need another rig as the JV partner is not POE and POE has it's own other lease.

The choking back of the "highest flowing inland Thai well" back to 1,000 bopd is also a stronger case for more producing wells ie another busy rig.

The biggest risk is surley the presence of oil or not. This hurdle seems overcome. They should take the plunge and get another rig. POO is looking good.....

From ODAC 5/11....

"Oil rose to a six-month high of more than $87/barrel as the Federal Reserve embarked on a new round of quantitative easing worth $600bn and Saudi Oil Minister Ali al Naimi raised his target oil price to $70-90 per barrel. Shokri Ghanem, chairman of Libya's National Oil Corporation said the price should be higher still, at around $100/barrel."

..... Musings after a very smooth old Barbados Rum and coke just before firing up the barbie and hoping Mark Weber can manage a win in the Brazilian GP.