oil oil oil please, page-15

Stef

I had a read thru a few of the companys announcements and found this in the Dec 2007 Qurterly Report.

"This well (Monza 1) will target a number of intra-Carbonera and Guadalupe reservoir objectives in a simple fault-dependant structure that has been identified using recently acquired 3D seismic."

No depths stated but we could strike oil at any time shortly by the sound of the above statement, I guess.

I don't understand the jargon but in yesterdays update they say they have installed a blow out preventor (BOP) at 550 feet (total well depth 5000 feet).

So do they install BOP's in case of a show OR because of a show?

t