cinco not looking good, page-19

agree on bhp spend deferrance. i'd like to think that 100M is still a lot to walk away from even for BHP but who knows.

re the rig signing - i believe negotiations can go to a point where its literally waiting for a phone call to say "yes, we confirm". 4 days is plenty of time to sign a rig, assuming it is something like the GSF explorer and they are in very advanced discussions.

on the comment about fractured carbonates - i can't see this as being relevant. NDO has a string of small carbonate build ups that are fractured and need periodic shut-in to allow pressure to rebuild. OEL is not involved in these assets.

OELs galoc asset is a sandstone that i understand is relatively continuous and of high quality. Duhat is targeting sands also. so while your comments on the troubles with modelling fractured carbonates are correct, i don't believe this is not a problem for OEL.