Ann: PEL 87 Project Update, page-10

yes this is typical of the O&G game - no real surprise BUT in reality 2 months - bugger all in many ways but does not help the overall sentiment and the feeling that this needs special attention and needs prompt action - the seismic suggested it will be "quick" relative to normal O&G - but do not forget just like CVN and STO the big boys have their agenda, capital management, processes to follow, internal approvals to be gained etc etc and in many ways nothing changes that. the renewal allows WDS the full period now in which to drill!!!!!!!!!