Ann: Tindalo Operations Update , page-16

well there we have it, finally they give us what we have been waiting and asking for, not the greatest news but for someone with little oil knowledge doesn't seem to be really all that big an issue in the BIG picture, should be producing plenty of the black stuff within the next 6 weeks.

If someone can help, if the workover eliminates the watercut could this mean that the water will be replaced by oil and we could still see 16k-18k of production, I re-read the announcement a few times and was a little confused or perhaps they are juts not in a position to say/guess. Its seems though they are confident of at worst significantly reducing watercut so does this mean significantly increasing oil?

With 11mil barrels in place and if we can get 50% out @ 42% (NDO) then thats still about 80-90 mil profit, add in yakal and others plus a JV for the elephant in the room, I am happy to top up at these levels and hold until 2012.

Giddy up