Hi all A bit time poor at the moment also made it to AGM and...

Hi all A bit time poor at the moment also made it to AGM and good overview from the captain. Couple of extra points worth noting. Adrian did say insurance is only covering new drill to Caley formation. Expecting drill and testing to take 90 days. Cost for both well Ps3and Dorado approx $15 m. Had a great chat with George who was the main instigator for board to go after condor. Spoke of nearby fields being 3 square km in size and prolific oil producers. Very excited about one zone he has found 25 square km in size with 4-5 stacked targets able to be drilled with same well. Possible stratigraphic (?) trap. He was very reluctant to say PS3 was as high pressure can come for different reasons. Adrian also said labyrinth was huge and would be very attractive to a major. Would do as much work on it as possible before looking for joint ventures to maximise return . Next two years very exciting for the team. Gltah. Al