Viktor,Chuckled too. Will give credit to Oncer though for noting...

Viktor,

Chuckled too.

Will give credit to Oncer though for noting the taxation consideration, surprised no one else has. Also worth noting that the royalty rate is also highly progressive, so this is truly very valuable new oil, as well as extending the productive area north.

However WBExt is also fantastic, we"ve never had anything worthwhile from the WB area before. More arial extent.

I really don't know why folk parrot the 25% POS. These ancient reptiles are simply not that easy to spot by making a bit of noise.

Risks, well they go with oil, those that have been patient look to be rewarded yet, some of us still in the red (this time around only).

One last thing worth noting. Warro still has life in it. I noticed a week or so ago TSV were saying Alcoa had commited to Warro #4, and of course enthused for it's success, after learning from Warro #3. Remember we pay nothing and have a 2.5% ORRI.

Let's hope the reptile gives us a hat trick.

EL