Simon says sell, page-14

"..if there is no oil then the SP will be flayed"

But so much has already been won, Mojo.

Still, I have gone back and looked at my existing unpublished table translations for the extremely unlikely even of total failure of both levels at BEL/SNE4 whereby we lose maybe 70mb off an "expected 500mb field" and re-risk the other prospects to the north downwards. I find that at current oil prices the tables still support a price in the low sevens and this also coincides with longstanding chart support.

If that is being flayed, so be it, but as I say, total failure at this well very unlikely and so much has already been won.

Just my opinion and sticking my neck out here, but no way, at current oil prices or above will we be seeing the downside of 4c suggested in that RBC report posted recently - CN's options will still be well in the money, so no worries for her either

pj