research - price target $9.18 - baillieu, page-28

commodore,

What i think no-one has taken into account here is that we are ( and this report also does) deals exclusively with the shallow water Brazillian Assets.

quarbing i think quoted James Wooten from KAR that degoyler report would contain 'only information as it related to the shallow Oil drilling' as it would take too long for degoyler etc etc to configure a Report based on the deep sea prospects.
1) This is disappointing as i thought the delay in getting degoyler was so the deep sea drilling and potential multi billion barrel plays would be taken into account.

Those at the AGM will remember KAR's excitement at the deep sea Oil potential dwarfing the pre salt plays if you like.

So intersting points still to come.
Brazil's assets look very light based on the Report....the real value is in the deep sea drilling

How will this play out in $ and cents terms and is this also why they are concentrating soley on shallow waters to conform with permit conditions and then move on to the really big stuff ???

The smoking gun of KAR's assets have not been disclosed to this point...the deep sea Oil which again was the thing that excited everybody the most at the AGM....to this point and it appears also including the degoyler report we are going to have 0 information on?