Ann: Zapato-1ST Drilling Update, page-223

Pretty much how I am looking at Melbana.

We already have Alameda one with three clear payzones, loggings and independent reserve calculations that are very conservative. Sure without flowrates we cannot be certain on this, but the risk % placed now all but makes it near certain. Its getting this to production and then re-drilling the now greater sized play on block-9 that should be exciting everyone. As per the podcast, we found what we were looking for.

The focus on Zapato I get, as it was the biggest and most important play on the block. But with the exploration success of Alameda-1, that is where my attention is not on Zapato. If Zapato hits, even more amazing dont get me wrong, it would be amazing for the SP and possible out plays out on Block-9. But remember its still only like a 1:3 chance of success, so everyone shouldnt be placing all their glory and futures on this.

I like to much rather focus on the known than the unknown.