CN on Commsec executive series, page-8

Namuldi

That's what it sounded like to me also. The good bit is that Cath said that testing the upper thinner reservoirs in SNE5 would add barrels! Because ... the 2C on which the Statement of Commerciality was based did NOT include these sands .. just the thicker sands (that's my interpretation of what she said anyway). And SNE6 is also about testing the deliverability of these thinner sands. Sounds like its just fine tuning for the thinner sands and they are totally confident on the thicker sands that are already in the 2C.

The other good bits were that she said "we made our Statement on Commerciality so SNE is definitely going to be a producing field in the future" and "we are only paying US$190k/day for the rig (compared to 330 last year on 670 the year before) and we have the A-Team on the job".

Also liked the comment picked up by b4 "You don't just drill a 500m oil interval (fan 1) and only find one trap, There will be others."

H