Ann: Quarterly Activities & Cashflow Reports, page-6

Totally agree Whisky, I would add that the change to drill VR-1 well first was to define stage 1 of the SNE development and Sirius and Spica would be part of stage 2 etc. Also they have collected enough information for Sirius and Spica via the 3D and the testings of the same sands with the SNE 5 well. In an email I received from CN she mentioned that they expect the S460 sands to improve (become thicker) as they move north into Sirius.

If the JV have that sort of confidence in the northern prospects what does that say about what lies to the south in A2. I have been very excited about Sama since it's announcement and my personal belief is that if FAR holds a big enough stake in A2 then Sama will have a bigger impact on the SP than SNE. I know we really need to wait until they reprocess the 3D before we start celebrating but with what we think we know, it's looking very good.

Then again I am an excitable person and need to keep away from red coloured drinks!

DYOR

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