events and price thoughts, page-8

Yes Groucho the HDR price went from the mid 30's to $1.35 approx on the Chinguetti success. Perhaps thats something to look forward to in q3.

Fido, very good points. With respect to Vietnam at least the first two Vietnam drills are (near) free carries with ENI as the operator. Failure of those wells will mean a different scenario but the speculative rise will have happened before then.

With 4 potential producing fields in CA it seems smart to me that they are going for a partner at Paloma to provide expertise, service leverage and capital resources. That model may also be applied to Paris Valley but I imagine they will sole carry Glau given its similarity to NSA.