Re: "That's half as much oil again as Cairn is now saying is in the block (which I took to be SNE - ie not including BH; I could be wrong)"
Not wishing to be pedantic OOO but yes you are wrong, when Cairn says "in the block" that is exactly what they mean - their ">1billion" number is the their risked undiscovered potential P50 estimate for the block and that includes all the BH prospects (but not the hidden potential in FAN, I think).
With their recognition of an additional 250sq km exploration potential at SNE, though, that number could well be revised upwards soon
pj
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