Ann: Thailand L20/50 Project Update , page-3

Freida not sure where you got this from.
Love the "seismic" feel (the obviously excellent 3 D seismic the partners have).

This is what I read.
The objective of this first drilling programme of up to three wells is
to establish the presence of a potentially commercial petroleum
system in this sub-basin of the Phitsanulok Basin. If the results of
drilling are sufficiently encouraging, this will be followed up with a
targeted 3D seismic programme later in 2011 to better define
prospects for further drilling.

And.
Whilst the drilling of these prospects is highly exploratory, due to
the paucity of previous exploration drilling information and broad
2D seismic grid on which the prospect interpretation is based

For me it would have been better with the time they have had so far to get this going to have done 3D already and even start with a larger drilling campaign of shallow holes as we all have seen good water flow with deep wells in these areas.

It may just be me but to start with this type of campaign may have been a better move to starting early cash flow with the 3D from the start.
The other thing that will be interesting is how news of any ANN will come as this time CVN are operator will they have to follow ASX rules for Au stocks or can they hold back price sensitive news as it happens now?