Ann: Drilling and Production Update , page-4

Benaud64,

Sorry, you've got it the wrong way round, 75% water cut, means 75% of all production from the well is now water.

This water cut will continue to increase over time.

Current production is 430 bopd (plus @ 1300 barrels of water).

The same thing will happen with Burruna-3 over time.

The strong water drive in the well should mean that over time a high percentage of the original oil in place, should come to surface, hopefully we'll get north of 40% of the OIIP out of the ground :)

Hope that helps LOTM