re-rating awaits us!, page-5

Not part of the O&G industry. I've a few questions if you fellas have time. I'm refering to the 06 Dec ann, with its abbreviations and info, what about the following:

1. Why farm-out Woppa? CAPEX and OPEX too high?

2. What does "higher water to gas saturation levels" mean?

3. When speaking of flow rates, what's a healthy mmcf rate, and what about bbl/d?

4. Here's a really dumb one...is 'condensate' another word for oil? What's a good flow rate there in bbl/d? That seems to be the case, but I'm not sure.

5. MEO's recent price action was a fright. How can I know this won't happen with BUR?

6. What signs were evident in MEO's ann's that might have indicated MEO's price action?

Thanks heaps for posting. Hope the original post doesn't get binned.