So much to like about Darren's (Talon) initial seismic...

So much to like about Darren's (Talon) initial seismic interpretation on L7 & EP437
Firstly, well done TEG management in delivering the 3D data set so quickly to Talon for their appraisal once the JV deal was ratified.
Key points from Darren:
- Some small prospects have not been validated.
- Some other small opportunities have been validated.
- Most important the corner stone opportunities that we invested in L7 & EP437 are still present and are still very sizeable.
- The 3D seismic has certainly improved the chances for success.
- Structural position of these prospects has certainly improved dramatically and has significantly De-Risked a number of prospects.

I think there are a few Geo's in the JV very excited about these permits given what has already been discovered in the PB and the data set they are now anxiously reviewing.
Let's hope that the JV can get a decent and timely run through the reg approvals and rig bookings.
GLAH
(posted on TEG as well)