haha so much for the downward day, page-16

Philarmonic...

Yes, they have previous seismic available, based on which they drilled the current target...and based on which they will base initial reserve figures...however, the sesimic appears to have been less than helpfull in determining pre-drill target zones, especially in K-1 which intersected the target zone low and beneath the GWC.

Clearly, they need new, more reliable and specifically tageted seismic...and preferably 3D...in order to enhance their future success rate and indeed prospectivity of everything East of Songo Songo.

The upgrading nature of the Kilwani North results have de-risked much of the rest of the Nyuni block...as such, one might argue spending a bit extra on seismic at this stage would be money well spent.

Kiliwani South (and central) in particular would reveal plenty on the back of detailed 3D seismic in my view...most likely that the K1 well was simply poorly targeted.

Huge upside now for Nyuni...decent seismic will help significantly.

Interestingly low volume dat today...seems the selling has all but stopped.

At this point, the slightest surge of buying interest will set off 5 point gains in a blink...and collecting decent volumes will be difficult.

Cheers!