Ann: Shareholder update - Senegal Project, page-88

"No we do NOT KNOW it is an excellent result."

Ed when you drill a well that is on time , done it safely and initial logging results not only confirmed the SNE 1 discovery 4 or 5 Km's away but also met pre drill expectations, which would have included all the parameters set at SNE 1 plus more expected pay, then you have had an excellent result...now we await the flow test results which are needed to finally book some reserves, given success...

Probably the most important part of the testing program is how the thinner zones perform as thats all they have in SNE 3 and the SNE portion of BEL 1

Not unexpectedly, given FAR releasing an update first, CNE has not updated. They probably have different Exchange requirements, appraisal wells are likely treated differently from exploration wells ...

The next update will likely confirm testing has finished and Athena is preparing to move to SNE 3 , hopefully with "testing has met pre testing expectations".....


Cheers Whisky