Ann: Open Briefing Clarification , page-9

Gotalove

i'm a big supporter of JKA

but reading the COE op'ed has just got me baffled, they are the operators of this rodeo, and that op'ed says absolutely nothing. completely un-acceptable after 80m
i mean

"we’ve added substantial value. Pre-drill
we were estimating that the structure had the potential ranging from 10 million barrels to
more than 100 million recoverable barrels of oil. Our carefully considered view is that
Hammamet West has potential to be that big"


Basically before we drilled the well, we thought it was X big, and after spending 80m and some careful consideration we now can confirm the possibility that the pre drill estimate may be right.

well said.... why even release sheit like that? instead of releasing pos like that they should be on their models crunching numbers. they did run open hole log, they should know all the p's, they know the depth of the aboid. and they have had plenty of spare time...