standby for ensco104 handover to eni

Unfortunately for TAP holders, the taunton 5/5h well's liner has been compromised and a production test will no longer be possible. The well is currently being prepared to be plugged and abandoned.

This means that ensco 104 will be handed over early to eni i.e. next week, which is great news for meo holders.

Eni will be able to formally advise meo in writing that eni has taken operator ship of ensco 104 and confirm the order of drilling evans shoal, blackwood, penguin-deep, ac/p21 and potentially others e.g. Heron-north, wa 454p...

Nothing publicly known re the drilling order and, imho, there could be a surprise or two in the drilling order of the wells listed above.

My preference is for es to be drilled first as the expected positive production test with high co2 will ignite a flame under meo's sp and allow meo mgt to put tassie shoal marketing into over drive.

A long time coming but now, imho, really is the last opp to load up at this very low sp.

Good luck to all holders.

Adl