Ann: Investor Presentation, page-36

Makes sense, Whisky. Predictions of a doubling of the SNE resource don't accord with the descriptions of the reservoir - well-defined structure etc. More likely I think that 'whispers' have been misinterpreted. That said, there is still that chance that excellent porosity/permeability/pressures could significantly boost recoverability and get us closer to the P10 than the P50 ... I guess???

I suspect your multiple elephant theory will come to fruition. The one statement that continues to ring down the months that have passed since Cath's Q&A is her assertion that the two discoveries we've made have gone a long way to proving FAR's migration theory that would see all our prospects filled. My goodness, the mind boggles to think of that being the case.

Interesting to see a fair few more buyers sniffing around today. Even though they are naturally reluctant to meet sellers sitting five per cent above their bids, one suspects that will change as we edge nearer to the CMD (which has assumed the mythology hitherto attributed to TBA, with most pundits assuming they will now be one and the same event).

OOO