Another day and another dry well.NZO's decision to participate...

Another day and another dry well.NZO's decision to participate at reduced equity is looking very prudent when compared with the approach taken by PPP. I'll be happy if they keep doing this, taking ~20% stakes in NZ drills so the the damage is not too great with the inevitable dry wells.

Now our attention must turn to the annual results, where I would be hoping to hear some news about the Kisaran wells and also about proven reserves for Tui now that Pateke is to be tied in.