Ann: Successful Baxter Flow Test in Dorado-3, page-123

Point is that in 10 days time we will know if we have a bankable project that we can get reserves based lending on.

The venture has an FPSO in mind that needs some modifications. The project has gone from a 50k bopd to a 75k bopd concept that will need gas reinjection. So some topside modification and plenty of well engineering requirements.

Adrian likes how santos is progressing the gas development concept. Game theory at its best, pipe it to NWS and pay a tolling fee to use their facilities. That way it provides a certainty if they are short of gas and allows us to avoid expensive onshore facilities. Plenty of gas heavies so we will get a premium, hopefully we can drill a few more exploration wells to expand resource base beyond 1tcf.