Ann: Drilling of Zapato-1 exploration well commenced, page-64

So they should start with a 10k psi BOP?.

Just to clarify, is it 55days to target depth or total depth.

I agree with your values for the SP. Zapato is a side show, one only needs 1 globally significant discovery for a company maker. It is a contractual obligation so it has a political value added to its potential as a discovery and producer. It also provides a fillip, allowing time to plan and supply logistics for field development at Alameda. A slew of SP drivers are imminent. I need these to materialise soon after EOFY as I have a handful of options to convert. In the meantime I am indifferent to the SP but am mindful of course that a strong SP is always best. If Zapato is also strongly positive we may see more value attributed to the block 9 PSC as a whole.