Ann: Operations Update , page-11

LOTM,

I agree - the bigger the average flowrate per well, the better. However, there was a period before the successes in the extension and the various ESPs etc when all the wells except J51 looked a bit dodgy, and I'd have happily taken 400bopd average across the board. As I said yesterday, it's looking a lot more promising now.

I think we'll see good numbers from the T2A, but it's moot as to what this will mean for co-mingled production. I don't have much knowledge of fluid mechanics, but I doubt that different layers flowing at different pressures means that we can expect a simple case of A+B+C=D bopd. No doubt they'll have to experiment with different chokes etc. However, if there's good flow from T2A and Z sands in their own right, we can expect seriously good production from the wells for a long period.

As for the possible delay to the CPR, that's just a guess on my part looking at the wording. Given the time since most of the wells were drilled, if there is a delay I imagine it's likely to have more to do with them working on financial strategy or the timing of a deal announcement rather than waiting for additional technical data. It'll come around soon enough, though.