Thanks Blue Griffin.What struck me is that they have done a lot...

Thanks Blue Griffin.

What struck me is that they have done a lot of things over the past 100 days - and they sound like a very disciplined and focused bunch. A small example of that is the meeting of self imposed deadlines for reporting (this 100 day report is an example of that).

I particularly liked the threefold increase in liftings from current producing fields and the approximately 100% more stretch target (from 7 liftings per three months to 4 liftings per month) they have set themselves. If this production optimisation can be sustained, then it will be a very handy boost to their cashflow - and will help support the large number of development activities they have on the go.

They're obviously also thinking of contingencies in the event that their Galoc jv partners can't raise the money. The London prospects convention should also assist their cause in Galoc and other prospect areas.

All-in-all, much positive progress being made imho.

Cheers
OG