Ann: Production and Reserves Upgrade Update , page-35

bundalee

And that old often used phrase from ESG when it HAS reported on BW progress of "in line with company expectations" is now quite apparently a crude way of also not telling us about the delays with the shield wells. Sure it was inline with their expectations because THEY knew about the fact that the shield wells were not operating and were unlikley to for some time ... we didn't so our expectations were of course somewhat higher!!

H