I'm looking forward to some learned ones who can decipher this.
Company is excited, but maybe a little too much?
I read this as:
1. we were looking for oil plus oil and we got gas plus oil, so
2. let's play up the fact SNE got bigger, which we expected, and
3. divert their attention by announcing we are going ahead with a freebie well.
Wondering if the string of black pearls has reduced in likelihood or size now?
Also, given FAR had a reduced COS, might be wise to believe them over others in the JV where estimates apply now? Good call by them.
Ann: Gas discovered at Bellatrix, Fourth appraisal well confirmed-FAR.AX, page-15
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