Not necessarily anything new, though heartening to hear they're chasing an end of Q1 2018 for acquisition of 3D seismic. Was it one of the cheerleaders on here who said that 3D wasn't useful in shallow waters like Xanadu? Or did it come from the JV itself?
One line that did pique my interest though - "The Cliff Head oil field is located approximately 14km to the NW of Xanadu, and can now be definitively used as an analogue in developing future exploration, appraisal, production and development scenarios at Xanadu"
Positives - shit's happening
Negatives - price unlikely to do much until mid next year
Ann: NWE: Xanadu Discovery Update, page-2
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