re: Ann: ADX: Chorbane Permit Extension and D... Well i guess...

re: Ann: ADX: Chorbane Permit Extension and D... Well i guess previously we were waiting for some security as there wasnt really any government. That was alot more scary as god knows how long some countries take to for some semblance of government/order. At least now we know that they have had meetings and assurances that everything is in order and ready to go. Pending a police escort. Probably is part of the drill insurance that until they have proper security the drill isnt covered or something. All IMO of course.

So i noticed on the ADX ann that it states down the bottom 44M recoverable barrels and on the XST ann it states 300m. However the XST ann references the Isis Petroleum Consultants Report May 2010.

So i wonder why ADX doesnt reference that figure as well?

Hopefully this means we will be spudded before the next ADX update on the 11th of June (notice how its the same day each month? Gotta love outlook calendar reminders.)

Which IF we are lucky (which we arent) should be around about the same time that we at LEAST have a confirmation of an FP2 spud date. Im guessing that whats holding that back is our ability to fund it. As im sure as soon as we get a farm out partner VIL will release an Ann regarding it. Surely with all the 3d seismic and the "best possible outcome for shareholders" we should be able to entice someone onboard.

1 in 3 of SD flowing. Who reckons we'll pull it off?